After a disagreement over a Nigel Farage account, NatWest CEO Dame Alison Rose resigns.

Dame Alison Rose, the head of NatWest, resigned a few hours after acknowledging her error in commenting about Nigel Farage's business dealings with the bank.

She had received harsh criticism for providing information to the BBC that was incorrect on Mr Farage's account at Coutts, a NatWest Group company.

Only a few hours before, NatWest had expressed its complete confidence in her ability to continue leading the business.

"I remain immensely proud of the progress the bank has made in supporting people, families, and business across the UK, and building the foundations for sustainable growth," Dame Alison said in a separate statement after thanking her coworkers "for all that they [had] done."

Former UK Independence Party leader and Brexit supporter Mr Farage originally complained that his account had been closed in early July and said he had not been given a reason.

According to a person with knowledge of the situation, it was closed because he no longer matched Coutts' requirements for wealth. Since then, it has issued an apology for its false report.

Andrew Griffith, a city minister, said it was "right" that Dame Alison left NatWest, which the government owns 39% of.

If NatWest had not taken it upon itself to remove funds from a bank account because of someone's legitimate political beliefs, this would never have occurred. That was, and always will be, unacceptable, he declared.

Although Dame Alison insisted she had not divulged Mr Farage's private financial information, she did acknowledge that she had given Simon Jack, the business editor of the BBC, "the impression that the decision to close Mr Farage's accounts was solely a commercial one."

She said it was irresponsible of her to react to any inquiries made by the BBC on the incident.

In the event that regulatory permission is granted, Paul Thwaite, who now serves as Natwest's chief executive of its commercial and institutional division, will be handling Dame Alison's duties for an initial term of 12 months.

(Sources: bbc.co.uk)