The FCA has concluded that there is no evidence of banks denying politicians access to accounts due to their political views following an investigation in the wake of the row that erupted between Nigel Farage and Coutts Bank this summer.

Peter Flavel, the CEO of private bank and wealth manager Coutts, is to step down with immediate effect as the fall out from the Nigel Farage bank account fiasco continues.

Dame Alison Rose, CEO of the NatWest banking group, has resigned today following the sharing of information about Nigel Farage’s relationship with high net worth NatWest arm Coutts.

Wealth manager and private bank Coutts - part of the NatWest group - has turned to Nutmeg’s Laura Kingman to take on its newly-created role of head of Financial Planning.