British watchdog the Financial Conduct Authority said on Friday that it had identified potential 'regulatory breaches' in NatWest's handling of a decision to close former Brexit party leader Nigel Farage's accounts.
Signage is seen for the FCA , the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File PhotoLONDON, Oct 27 - British watchdog the Financial Conduct Authority said on Friday that it had identified potential "regulatory breaches" in NatWest's handling of a decision to close former Brexit party leader Nigel Farage's accounts.
NatWest said it would disclose a decision on whether to dock its former CEO Alison Rose's pay over the matter "as soon as possible". The British bank commissioned law firm Travers Smith in July to conduct a review of its decision to close Farage's account, a move that led to a political backlash and ultimately cost CEO Alison Rose her job after a more than
"This report, and additional information we have considered, has highlighted potential regulatory breaches and a number of areas for improvement," the FCA said in a statement, adding it was reviewing the firm's governance, systems and controls.The United Auto Workers union reached a tentative labor deal with Ford, the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers.
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