Move follows resignation of CEO over row linked to closure of former Ukip leader’s bank accounts

NatWest has scrapped more than £7.5m in potential payouts to Alison Rose, the banking group’s former chief executive, who was forced to resign over a scandal linked to the closure of Nigel Farage’s bank accounts.

The board of NatWest said that after her resignation, future unvested share awards worth £4.7m would lapse and not be paid out.

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