NATWEST has scrapped a £7.6million payout to ex-boss Dame Alison Rose after the Nigel Farage banking scandal.
The bank said she did not qualify as a “good leaver” under its pay policies.
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But no findings of misconduct were made against its former chief executive, who resigned in July.
Dame Alison, 54, misses out on £4.7million share awards and £2.9million in bonus and variable pay.
She will still collect £2.4million for a year’s pay plus £850,000 in former bonus shares.
She quit after confirming she was the source of a BBC story about Mr Farage’s bank account with Coutts, which is owned by NatWest.
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Earlier this week the UK data watchdog apologised for suggesting she had breached data protection laws following its own probe into the closure of Mr Farage’s account.
Yesterday Dame Alison said she accepted NatWest’s decision, adding: “I’m pleased no findings of misconduct have been made against me.”
Dame Alison, who had been consulting lawyers, will not be suing the bank for her dismissal or docked pay after the bank agreed to include the line on no misconduct.
Mr Farage said on Twitter/X that the decision was “right and correct”
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He added: “She will still walk away with about £2.5million so please don’t feel too sorry for her.”
He has said he aims to sue NatWest over his “debanking”.
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