NWG NatWest Group plc

0923 GMT - NatWest Group is among the most mentioned companies across news items over the past six hours, according to Factiva data. The British bank's Chief Executive Alison Rose stepped after she admitted "a serious error of judgment" in talking to a journalist about the decision by NatWest subsidiary Coutts to close the account of Nigel Farage. "Despite a stellar performance as the first woman to take the helm of a U.K. bank, her mistake in discussing sensitive customer details with a journalist broke a sacred trust with the British public and her decision to step down was the only viable path," AJ Bell's head of financial analysis Danni Hewson writes, adding Rose's departure will be a loss as she championed diversity and inclusion in the financial-services sector. The market reacted to the news at open, sending shares in the lender tumbling as much as 3.6% to a low of 242.1 pence in morning trade. The stock is among London's blue-chip index's worst performers, which highlights the disappointment and surprise among investors about Rose's resignation as well as the uncertainty around the bank's future direction without her, Interactive Investor's head of investment Victoria Scholar writes. Dow Jones & Co. owns Factiva. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

July 26, 2023 05:38 ET (09:38 GMT)

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