JEFF PRESTRIDGE: Many of those struggling to pay their bills will be furious at the news that Dame Alison Rose (pictured) is set to receive £2.4million over the next year.
That is how much NatWest Group plans to pay its departed boss while she sees out her notice period – though it has yet to rule out trying to claw some of it back.
And what did Dame Alison do to deserve this bounty? Transform NatWest into a business dedicated to serving its customers? Far from it, although she was a force for good during much of her four-year tenure . In violating client confidentiality, she broke banking’s most important rule. At an exclusive dinner, she misled a senior BBC journalist over the reasons behind the decision of Coutts, its private banking arm, to closeShe thereby exposed Mr Farage, a long-term customer, to widespread attacks from his gleeful political opponents. Then she denied having provided theNatWest’s lavish generosity towards its former boss beggars belief.
That message is that NatWest – and, for that matter, the rest of the industry – lives by its own rules. One rule for the banking elite, another for everyone else.
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