Coutts Chief Steps Down over Nigel Farage De-banking Scandal

THE TELEGRAPH: Lender’s treatment of Farage has ‘fallen below high standards of personal service’

Peter Flavel’s exit comes less than two days after Alison Rose stepped down as NatWest chief executive | CREDIT: Peter Nicholls/Reuters
The chief executive of Coutts has resigned with immediate effect over the private bank’s mishandling of Nigel Farage’s account.

Peter Flavel, who became boss of Coutts in 2016, said the treatment of Mr Farage had “fallen below the bank’s high standards of personal service”.

Paul Thwaite, the interim chief executive of NatWest, which owns Coutts, said: “I have agreed with Peter Flavel that he will step down as Coutts CEO and CEO of our Wealth Businesses by mutual consent with immediate effect.

“Whilst I will be personally sorry to lose Peter as a colleague, I believe this is the right decision for Coutts and the wider group.” » | Simon Foy | Thursday, July 27, 2023