Dame Alison Rose has been informed by NatWest that she will not receive £7.6 million in potential payments after leaving the company in July amid the debanking dispute with Nigel Farage.

While she will be compensated slightly over £1.7 million for serving her notice period, she will forfeit up to £7.6 million, which she could have been entitled to if she had continued with the bank.

The former chief executive, who resigned after discussing Nigel Farage's bank account with a BBC journalist, will not be granted 'good leader status' by the bank.

NatWest specified that the £4.7 million in awards set to vest after Dame Alison's departure in July would expire. Additionally, she will not be eligible for a bonus or variable remuneration, which could have amounted to £2.9 million.

The bank clarified that there was 'no finding of misconduct' against Dame Alison.

Dame Alison Rose acknowledged the NatWest board's decision and expressed her satisfaction that the bank had absolved her of any misconduct.

'I am pleased that NatWest Group has confirmed that no findings of misconduct have been made against me,' she stated.

'I can also confirm acceptance of the terms of the settlement agreement, which is in line with NatWest Group's remuneration policy, bringing the matter to a close.'

This development follows Dame Alison's resignation as chief executive of NatWest, the parent company of Coutts, almost four months ago. Her departure was linked to her conversation with a BBC journalist about Nigel Farage's association with Coutts.

In June, Mr. Farage disclosed that Coutts intended to close his account, alleging it was due to his political views. However, a BBC article later claimed, citing sources, that the account closure was driven by commercial reasons. Photo by welshbabe, Wikimedia commons.