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TAKING IT TO THE BANK

Ex-NatWest boss Dame Alison Rose who quit over Nigel Farage row to bank £2.4m

NATWEST has revealed former boss Dame Alison Rose is set to receive a £2.4million pay package.

The ex-CEO sparked a major uproar last month after admitting she was the source of a false BBC story about Nigel Farage before quitting her role.

NatWest boss Dame Alison Rose last month quit her job
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NatWest boss Dame Alison Rose last month quit her job
The ex-bank chief leaked false information about Nigel Farage to the BBC
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The ex-bank chief leaked false information about Nigel Farage to the BBC

The company has said it will continue to review her planned pay and bonus payouts in relation to ongoing investigations.

Ms Rose had led the company for four years as chief executive officer but stepped down on July 25 following the row over the closure of former Ukip leader Mr Farage's account with Coutts, the private bank run by NatWest.

She resigned after she admitted to being the source of an inaccurate story about Mr Farage's finances following a discussion with a BBC journalist.

Ms Rose is currently seeing out her 12-month notice period with the banking group.

On Wednesday, the firm said it will pay her £1.155million in salary for the year, £1.155million in NatWest shares - which she will receive over a five-year period - and £115,566 in pension payments.

The pay deal totals around £2.43million.

In a statement, the firm added: "Ms Rose's notice period and the payments she will continue to receive for the notice period will be reviewed on a continuing basis, having regard to the internal and external investigations relating to the account closure arrangements at Coutts and associated events.

"Decisions on these awards, along with any decisions regarding other remuneration matters, will be made taking into account the findings of the investigations, as appropriate."

It added that policies allowing the company to potentially "claw back" bonus payments will apply to the former boss.

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