To whom?July 28, 2023 Tim WorstallFinance14 CommentsNatWest chair vows to stay on to provide ‘stability’ after Farage controversy The bank or the personal income? previousTossersnextUmm, matey? 14 thoughts on “To whom?” philip July 28, 2023 at 12:26 pm Howard Davies is a prime example of failing upwards. He’ll be gone by suppertime. I went into a Natwest branch yesterday. The staff were all smiles and the atmosphere was one of jollity. I think that’s because they might be able to get rid of all the Pride shit cluttering up the place. Sadly, they are probably mistaken. john77 July 28, 2023 at 1:27 pm Howard Davies doesn’t need to worry about money – he has a variety of civil service pensions in addition to his various Director’s fees asiaseen July 28, 2023 at 1:38 pm He does appear to have had a lot of great-and-good non-job sinecures – not exactly what one might call a stable career progression. No doubt, when he quits RBS (which is still the NatWest holding company), they will continue… Martin Near The M25 July 28, 2023 at 2:09 pm My local Natwest frequently has queues out of the door, only one counter and one cash machine. I’m now waiting for them to remove the cash machine, or close the branch. Or maybe they’ll start punching customers, they don’t seem to like them very much. MC July 28, 2023 at 2:41 pm Britain seems to be brimful of worthless fuckholes like Davies who stagger from one well-remunerated and/or cushy sinecure to another and they all seem to be former civil servants. The nation would be vastly improved if these grifters, plus the 1,000 best-paid public sector workers, were dragged out into the street and humanely kicked to death. John Galt July 28, 2023 at 3:00 pm All he needs now is a statement of confidence from the Prime Minister. That’ll make things right again, surely? bloke in spain July 28, 2023 at 4:17 pm Utmost confidence usually does it. Theophrastus (2066) July 28, 2023 at 5:55 pm I expect the ghastly Alison Rose to be appointed to some quango – even the chairmanship of the BBC – under the forthcoming Starmer Tyranny… Ottokring July 28, 2023 at 6:16 pm This Davies guy is a silly old duffer isn’t he ? Talk about a complete inability to read the room. If he had had any cojones ( or brains ) both Rose and Flavel would’ve been frogmarched out by security just carrying a Tescos bag containing the photos from their desks. Ducky McDuckface July 28, 2023 at 9:25 pm Well, Davies is already toast – and he knows it. Reuters have “NatWest Chairman Davies intends to stay until 2024”. So, about six (minimum) to nine months then. Probably no more than twelve. “Davies has himself come under pressure, with one top-20 investor telling Reuters on Thursday his position looked increasingly shaky after the board backed Rose on Tuesday evening, only for her to leave hours later”. Yeah, probably gone by March, nicely between full results for FY 2023 sometime in February, and the AGM in April to confirm his successor. John Galt July 28, 2023 at 9:32 pm Yeah. Read the same thing this afternoon. https://www.reuters.com/world/uk/crisis-hit-natwest-reports-better-than-expected-half-year-profit-2023-07-28/ He’s a dead man walking. Only reason for the 2024 departure is to find somebody to replace him without causing any further fall in the share price. He’s just a stuffed suit anyway, so not exactly a head worth cutting off. Jim July 28, 2023 at 10:01 pm I plan to close the accounts I have with Natwest as soon as I can. Partly because of the current Farage scandal, partly because I don’t need them any more, and partly because they are utterly sh*t. I’ve just logged on to transfer some money from a Natwest savings account to my Natwest current account, ie an intra bank transfer. Its just informed me this transfer will now be actioned on Monday. FFS! In the age of online 24/7 banking they are unable (or unwilling) to do what other banks do routinely. Barclays allows me to shift money around between accounts at all times of day and night and the money is where I want it instantly. John Galt July 29, 2023 at 7:23 am It would not be “helpful” for NatWest’s chairman to quit over the row that has followed the closure of Nigel Farage’s account, the city minister has said. Andrew Griffith made the comments after Prime Minister Rishi Sunak declined to back Sir Howard Davies on Thursday. Sir Howard has faced calls to resign after he initially backed NatWest CEO Dame Alison Rose over the row, hours before she resigned on Wednesday. NatWest row: Not helpful if chairman quits over Nigel Farage, says minister Rishi the snake chooses back NatWest Chairman, best he can get is a weak “Not Helpful” from a minister. With friends like these, who needs enemies? John Galt July 29, 2023 at 7:24 am *chooses not to back* Leave a ReplyYour email address will not be published. Required fields are marked *Name * Email * Website Comment * Save my name, email, and website in this browser for the next time I comment.