Nigel Farage and NatWest Settle Dispute Over Account Closures

The nearly two-year controversy ends with a confidential settlement, including an apology from NatWest and unspecified damages paid to Farage.

Nigel Farage and NatWest Group have resolved their dispute over the closure of his accounts through a confidential settlement.
NatWest issued an apology to Farage and agreed to pay an unspecified sum in damages, leading him to withdraw potential legal action.
The controversy began in 2023 when Coutts, a NatWest subsidiary, closed Farage's accounts, with internal documents suggesting political bias played a role.
The incident prompted the resignation of NatWest CEO Dame Alison Rose and led to regulatory changes in how banks handle politically exposed persons (PEPs).
NatWest has since reported strong financial performance and is nearing full privatization, with the UK government reducing its stake to under 4%.