Popular Post anchadian Posted July 4, 2023 Popular Post Share Posted July 4, 2023 Nigel Farage fell below the financial threshold required to hold an account at Coutts, the prestigious private bank for the wealthy, the BBC has been told. It is understood that he was subsequently offered a standard account at NatWest which owns Coutts. Last week, Mr Farage said he believed his account had been shut for political reasons and he was turned down by seven other lenders when he went elsewhere. https://www.bbc.com/news/business-66097039 4 Link to comment Share on other sites More sharing options...
orchis Posted July 4, 2023 Share Posted July 4, 2023 blame it on brexit, farage, 555. Link to comment Share on other sites More sharing options...
nglodnig Posted July 4, 2023 Share Posted July 4, 2023 That's probably why Barclays closed my account - the balance dropped to 2,999,999 (in my dreams) 1 Link to comment Share on other sites More sharing options...
Popular Post lungbing Posted July 4, 2023 Popular Post Share Posted July 4, 2023 If the BBC have been told this then it's a breach of account confidentiality. 1 1 1 Link to comment Share on other sites More sharing options...
In the jungle Posted July 4, 2023 Share Posted July 4, 2023 10 minutes ago, lungbing said: If the BBC have been told this then it's a breach of account confidentiality. Perhaps. But it is also very funny given all the BS Nigel has been peddling over the last few days. 2 Link to comment Share on other sites More sharing options...
Popular Post Tropicalevo Posted July 4, 2023 Popular Post Share Posted July 4, 2023 38 minutes ago, lungbing said: If the BBC have been told this then it's a breach of account confidentiality. I would think that the bank has every right to defend itself from the muck being spread by the failed politician. 4 Link to comment Share on other sites More sharing options...
nglodnig Posted July 4, 2023 Share Posted July 4, 2023 1 hour ago, lungbing said: If the BBC have been told this then it's a breach of account confidentiality. True, but it doesn't seem to have come from the bank itself: But people familiar with Coutts' move said it was a "commercial" decision. 1 Link to comment Share on other sites More sharing options...
Popular Post Chivas Posted July 4, 2023 Popular Post Share Posted July 4, 2023 (edited) 1 hour ago, lungbing said: If the BBC have been told this then it's a breach of account confidentiality. Rubbish That piece of trailer trash Farage had his backside handed to him purely because Coutts were not going to sit back indefinately whilst he continued to run his mouth off The amount of bed wetters on Twitter scuttling for cover when the truth surfaced was beyond hilarious Edited July 4, 2023 by Chivas 3 1 2 Link to comment Share on other sites More sharing options...
Popular Post stratocaster Posted July 5, 2023 Popular Post Share Posted July 5, 2023 3 Link to comment Share on other sites More sharing options...
nausea Posted July 21, 2023 Share Posted July 21, 2023 Farage has been vindicated, it seems, going by the latest news reports. Link to comment Share on other sites More sharing options...
Chomper Higgot Posted July 22, 2023 Share Posted July 22, 2023 4 hours ago, nausea said: Farage has been vindicated, it seems, going by the latest news reports. You mean he had more than the minimum on account and/or invested/borrowed? 1 1 Link to comment Share on other sites More sharing options...
Wobblybob Posted July 22, 2023 Share Posted July 22, 2023 On 7/4/2023 at 8:55 PM, Tropicalevo said: I would think that the bank has every right to defend itself from the muck being spread by the failed politician. It is a banks job to handle peoples money and not to chose its customers on their political beliefs especially as the bank is in 40% public ownership. 1 Link to comment Share on other sites More sharing options...
RuamRudy Posted July 22, 2023 Share Posted July 22, 2023 1 hour ago, Wobblybob said: It is a banks job to handle peoples money and not to chose its customers on their political beliefs especially as the bank is in 40% public ownership. Whilst I don't agree with you that banks are obligated to deal with obnoxious customers, history has shown that there is no such thing as an ethical or honest bank. Dirty money or clean, they don't care where it came from. So I would have thought that Farage would have been welcomed at any UK bank. I can only assume, therefore, that it was a petty attack on him personally - and I can easily understand such motives. I don't necessarily condone their action but I can't help but feel a bit of schadenfreude. 1 Link to comment Share on other sites More sharing options...
VocalNeal Posted July 22, 2023 Share Posted July 22, 2023 14 minutes ago, RuamRudy said: So I would have thought that Farage would have been welcomed at any UK bank. I can only assume, therefore, that it was a petty attack on him personally He was also welcome to transfer funds to keep his account above the threshold. Just like any of the followers he represents.???? 1 Link to comment Share on other sites More sharing options...
vinny41 Posted July 22, 2023 Share Posted July 22, 2023 NatWest boss apologises to Nigel Farage over Coutts account closure row Banking group CEO apologises for comments about former Ukip leader in internal report Explainer: What the new rules on bank account closures mean Analysis: Farage affair is ‘a monumental PR disaster’ for Coutts https://www.theguardian.com/politics/2023/jul/20/natwest-boss-apologises-to-nigel-farage-coutts-bank-account-closure-row Clearly Coutts not aware of SAR Subject Access Requests Link to comment Share on other sites More sharing options...
BritManToo Posted July 22, 2023 Share Posted July 22, 2023 3 hours ago, Chomper Higgot said: You mean he had more than the minimum on account and/or invested/borrowed? Does broke Prince Andrew still have his Coutts account? Link to comment Share on other sites More sharing options...
Chomper Higgot Posted July 22, 2023 Share Posted July 22, 2023 25 minutes ago, BritManToo said: Does broke Prince Andrew still have his Coutts account? Whatabout Prince Andrew?! 1 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted July 22, 2023 Share Posted July 22, 2023 1 hour ago, vinny41 said: NatWest boss apologises to Nigel Farage over Coutts account closure row Banking group CEO apologises for comments about former Ukip leader in internal report Explainer: What the new rules on bank account closures mean Analysis: Farage affair is ‘a monumental PR disaster’ for Coutts https://www.theguardian.com/politics/2023/jul/20/natwest-boss-apologises-to-nigel-farage-coutts-bank-account-closure-row Clearly Coutts not aware of SAR Subject Access Requests ‘Monumental PR disaster’? The bank have apologized for the comments made in their internal meeting. The comments made were not the reason Farage’s account was closed. And I very much doubt many of Farage’s supporters are in a financial position to open or indeed hold an account at Coutts. 1 Link to comment Share on other sites More sharing options...
vinny41 Posted July 22, 2023 Share Posted July 22, 2023 1 hour ago, Chomper Higgot said: ‘Monumental PR disaster’? The bank have apologized for the comments made in their internal meeting. The comments made were not the reason Farage’s account was closed. And I very much doubt many of Farage’s supporters are in a financial position to open or indeed hold an account at Coutts. I guess you haven't read the 40 page SAR meanwhile Ministers are considering putting extra conditions on banking licences after a row over the closure of Brexiteer Nigel Farage's account at Coutts. It follows reports that lenders could lose their permits if they cut ties with customers because they disagree with their political views. https://www.bbc.com/news/business-66254596 1 Link to comment Share on other sites More sharing options...
vinny41 Posted July 22, 2023 Share Posted July 22, 2023 It comes after Mr Farage, the former UKIP leader, obtained documents which showed Royal bank Coutts had closed down his accounts after deciding his views “do not align with our values”. https://www.telegraph.co.uk/news/2023/07/21/nigel-farage-coutts-banking-scandal-may-go-further/ Link to comment Share on other sites More sharing options...
RuamRudy Posted July 22, 2023 Share Posted July 22, 2023 2 hours ago, Chomper Higgot said: ‘Monumental PR disaster’? The bank have apologized for the comments made in their internal meeting. The comments made were not the reason Farage’s account was closed. And I very much doubt many of Farage’s supporters are in a financial position to open or indeed hold an account at Coutts. I think that more than a few of his backers have Coutts accounts though - or maybe it's all in Panamanian shell accounts... 1 Link to comment Share on other sites More sharing options...
BritManToo Posted July 22, 2023 Share Posted July 22, 2023 40 minutes ago, vinny41 said: I guess you haven't read the 40 page SAR meanwhile Ministers are considering putting extra conditions on banking licences after a row over the closure of Brexiteer Nigel Farage's account at Coutts. It follows reports that lenders could lose their permits if they cut ties with customers because they disagree with their political views. https://www.bbc.com/news/business-66254596 liked the bit where he was called a 'Climate denier', all such people should have their bank accounts cancelled. 1 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted July 22, 2023 Share Posted July 22, 2023 53 minutes ago, vinny41 said: I guess you haven't read the 40 page SAR meanwhile Ministers are considering putting extra conditions on banking licences after a row over the closure of Brexiteer Nigel Farage's account at Coutts. It follows reports that lenders could lose their permits if they cut ties with customers because they disagree with their political views. https://www.bbc.com/news/business-66254596 Well if you have perhaps you can produce the bit where it is concluded Farage’s views are the reason to close his account. He’s being awfully coy about the balance on his account before it was closed. Link to comment Share on other sites More sharing options...
vinny41 Posted July 22, 2023 Share Posted July 22, 2023 4 minutes ago, Chomper Higgot said: Well if you have perhaps you can produce the bit where it is concluded Farage’s views are the reason to close his account. He’s being awfully coy about the balance on his account before it was closed. Why should a person make public their finances, Are you willing to publish your finances online for everyone to see In this BBC clip the BBC have reported they have heard from Coutts customers stating they are below the financial threshold and they still have their accounts https://www.bbc.com/news/av/uk-66262494 BBC reporter fails to apologise for story about Nigel Farage’s Coutts bank account closure Simon Jack admitted the story 'should have been clearer' that the information was from a source and not fact On Wednesday, The Telegraph revealed Mr Jack sat next to Dame Alison at a charity dinner the night before the story was published. https://www.telegraph.co.uk/news/2023/07/21/bbc-reporter-nigel-farage-coutts-account-closed-no-apology/ Jon Sopel apologises to Nigel Farage after ex-BBC correspondent mocked the former UKIP leader over Coutts closing his account down and says episode will 'teach me to trust reporting of my old employer' Broadcaster Jon Sopel apologised after mocking Nigel Farage's Coutts exclusion Farage this week uncovered a dossier the private bank had compiled against him https://www.dailymail.co.uk/news/article-12320899/Jon-Sopel-apologises-Nigel-Farage-ex-BBC-correspondent-mocked-former-UKIP-leader-Coutts-closing-account-down.html 1 Link to comment Share on other sites More sharing options...
vinny41 Posted July 22, 2023 Share Posted July 22, 2023 The Committee did not think continuing to bank NF was compatible with Coutts given his publicly-stated views that were at odds with our position as an inclusive organisation. this was not a political decision but one centred around inclusivity and Purpose. P1 Coutts' 40-page dossier on Nigel Farage in full https://www.telegraph.co.uk/news/2023/07/19/coutts-full-dossier-on-nigel-farage-closed-bank-account/ I don't recall in 2008 when RBS aka NatWest aka Coutts when seeking a £45.5 billion bailout from the UK Government making any stipulation that they would only accept the £45.5 billion bailout if the UK Government could guarantee that the source of those funds only came from people that shared their views and values 1 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted July 22, 2023 Share Posted July 22, 2023 4 hours ago, vinny41 said: The Committee did not think continuing to bank NF was compatible with Coutts given his publicly-stated views that were at odds with our position as an inclusive organisation. this was not a political decision but one centred around inclusivity and Purpose. P1 Coutts' 40-page dossier on Nigel Farage in full https://www.telegraph.co.uk/news/2023/07/19/coutts-full-dossier-on-nigel-farage-closed-bank-account/ I don't recall in 2008 when RBS aka NatWest aka Coutts when seeking a £45.5 billion bailout from the UK Government making any stipulation that they would only accept the £45.5 billion bailout if the UK Government could guarantee that the source of those funds only came from people that shared their views and values False equivalence alert. 1 Link to comment Share on other sites More sharing options...
vinny41 Posted July 22, 2023 Share Posted July 22, 2023 The Financial Conduct Authority, City watchdog for conduct of banks, points to relevant legislation which forbids discrimination: Regulation 18 of the Payment Accounts Regulations 2019 – one of the EU retained laws from 2015 “A credit institution must not discriminate against consumers legally resident in the United Kingdom by reason of their nationality or place of residence or by reason of sex, race, colour, ethnic or social origin, genetic features, language, religion or belief, political or any other opinion, membership of a national minority, property, birth, disability, age or sexual orientation when those consumers apply for or access a payment account.” Link to comment Share on other sites More sharing options...
BritManToo Posted July 22, 2023 Share Posted July 22, 2023 What's really shocking is a bank keeping a file this detailed (and opinionated) on a customer. 1 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted July 23, 2023 Share Posted July 23, 2023 14 hours ago, vinny41 said: The Financial Conduct Authority, City watchdog for conduct of banks, points to relevant legislation which forbids discrimination: Regulation 18 of the Payment Accounts Regulations 2019 – one of the EU retained laws from 2015 “A credit institution must not discriminate against consumers legally resident in the United Kingdom by reason of their nationality or place of residence or by reason of sex, race, colour, ethnic or social origin, genetic features, language, religion or belief, political or any other opinion, membership of a national minority, property, birth, disability, age or sexual orientation when those consumers apply for or access a payment account.” Oh, so now the rightwing want to keep retained EU law to serve the purposes of the Brexiteer in-chief. How the world turns. Link to comment Share on other sites More sharing options...
vinny41 Posted July 23, 2023 Share Posted July 23, 2023 1 hour ago, Chomper Higgot said: Oh, so now the rightwing want to keep retained EU law to serve the purposes of the Brexiteer in-chief. How the world turns. The law doesn't discriminate between rightwing and leftwing there is only the law 1 Link to comment Share on other sites More sharing options...
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