Banking

NatWest mulls whether to claw back Alison Rose pay after Farage controversy

Bank says decision on former Chief Executive’s pay will depend on outcome of its investigation

Rose is continuing to collect her £1.16 million salary and her £1.16 million fixed share allowance and additional pension contributions for now. Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images

NatWest Group said it had yet to make any decision on whether to claw back the pay of its former Chief Executive Officer Alison Rose after she stepped down last month in the wake of a row over the way the British bank closed the accounts of politician-turned-pundit Nigel Farage.

The UK-based bank said in a statement on Wednesday that any decision on Rose’s pay would depend on the outcome of investigations into the closing ...