Nigel Farage Triumphs in Battle With Bankers
Leaders with Francine Lacqua
Bloomberg
4.6 ā¢ 64 Ratings
šļø 27 July 2023
ā±ļø 24 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
NatWest Chief Executive Officer Alison Rose is stepping down after a fight over the way the bank closed accounts held by politician-turned-pundit Nigel Farage.
Pressure for her to quit had been rising. Both UK Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt indicated her position was untenable after she admitted talking to a BBC journalist about the account closures.
In this weekās episode ofĀ In the City, host David Merritt discusses the mistakes made by NatWest andĀ Farageās call for moreĀ resignations at the bank. Joining Merritt areĀ reporters Harry Wilson and Joe Mayes as well as Bloomberg Opinion columnist PaulĀ Davies.
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Transcript
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| 0:54.9 | now on Apple, Spotify, or anywhere you listen. When you have someone like Nigel Farage on your |
| 1:01.7 | case, that might not be what they get. And certainly he's now talking about this as a crusade |
| 1:06.7 | against the bank and against the wider banking industry. If history tells us anything, |
| 1:10.5 | is once Nigel Farage gets his teeth into something, he doesn't tend to let go quickly. |
| 1:23.3 | I'm David Merritt, and this is in the city, Bloomberg's podcast, connecting you to the |
| 1:27.2 | conversations at the heart of the city, Bloomberg's podcast, connecting you to the conversations |
| 1:27.8 | at the heart of the city of London. |
| 1:31.1 | And this week, there is only one story in town and that is the resignation of Alison Rose, |
| 1:36.9 | the chief executive of Nat West. |
| 1:39.2 | It's the chief executive Nat West Bank. |
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