NatWest Group PLC (LSE:NWG) chair Howard Davies intends to continue leading the bank despite strong criticism of his handling of the crisis that saw chief executive Alison Rose depart this week.
Davies told reporters following today's results that the lender has appointed law firm Travers Smith to investigate the closure of Nigel Farage’s Coutts account, a controversy that claimed the head of Rose.
“At yesterday’s board meeting, we agreed the terms of reference of an independent review led by Travers Smith into the handling of Mr Farage as a customer of Coutts and the way in which information about that issue has been handled within the bank,” Davies said.
“The terms of reference will be available today and the findings of those linked reviews will be released in due course,” he added.
NatWest is attempting to steady the ship after a week which also saw the boss of Coutts fall on his sword as well.
Davies is scheduled to step down in July 2024.