- Farage gets his full apology after investigation
- Shrinking net margins spook investors
Third quarter results for NatWest (NWB) were somewhat overshadowed by the fallout from the Nigel Farage de-banking affair. That row had already cost former chief executive Dame Alison Rose her job, an outcome that seems to be backed up by an independent review by legal firm Travers Smith LLP. The end result was that the bank apologised profusely to Farage. However, it was operationally a shrinking margin and rising bad debts triggered a share price fall of close to 10 per cent.