Nigel Farage Vs Coutts...part 94.

[New Judge]

Coutts have offered to reinstate Nigel Farage’s bank accounts:

https://news.sky.com/story/nigel-farage-says-coutts-has-offered-to-reinstate-his-bank-accounts-12931463#:~:text=Sky%20News-,Nigel%20Farage%20says%20Coutts%20has%20offered%20to%20reinstate%20his%20bank,been%20affected%20by%20account%20closures.

Of the 40 page dossier the bank compiled on Mr Farage, it is said that “Ultimately it concludes the former Brexit Party leader's views are ‘at odds with our position as an inclusive organisation’.”

I wonder if the bank’s interim chief Executive is now added to the list of all those who are wrong are still wrong (whilst one esteemed member on here and a woman on YouTube are still right).

[Old_Geezer]

Very likely. Bankers do make bank errors.

[royfromaus]

Oh dear.

[ToraToraTora]

Hymie will still spin it!

[Khandro]

I can't work out what it is you are trying to say, but Nigel Farage i.m.o. is 100% right & is doing an enormous service to British citizens (once again!).

[Gromit]

The bank have promised to accept new regulations that the Government are working on.
The Government have not quite worked out the regs, but banks (including Coutts) have promised to adhere to them (they have no choice it will be law) , eventually (in principle).
So no change really until these changes come in in months (or years).

[naomi24]

//So no change really until these changes come in in months (or years). //

Even if the changes in law don't come into effect immediately. I think any bank with a modicum of common sense would be very reluctant to make the same disastrous mistake that Coutts made.

[Togo]

//at odds with our position as an inclusive organisation’.”//

Will the proles now be able to draw their benefits or state pension using a Coutts account?

[New Judge]

//I can't work out what it is you are trying to say,...//

I not really trying to say anything. On this forum over the last week or so we have had at least three threads running on the Farage/Coutts affair. In each of them there has been a small element which insists (variously) that Mr Farage is an idiot, has no cause to complain, deserved all he got. But most significantly that Coutts closed his account solely because he was "too poor". This latest development suggests (though I agree does not conclusively prove) that may not be the truth.

[Zacs-Master]

Gromit ‘The bank have promised to accept new regulations’ ……not quite.
Firstly, they’ve said they agree to ‘the principle’ of the Government’s Proposal of New Rules Requiring Bank Account Closure Transparency.
Secondly, banks would be required to delay account closures by 90 days (up from 30 days) and provide a notice to customers explaining why their account is being closed, so the ‘regulations / rules’ will not stop the banks closing people’s accounts.

[Khandro]

// so the ‘regulations / rules’ will not stop the banks closing people’s accounts.//

I think we get that.
Bankrupts & criminals will continue to be turned away, but they will not be able to cancel an account because they don't like a person's legally held politics, without repercussions.

[Hymie]

Is Farage now going to campaign on behalf of all those fools who voted for Brexit, and lost their bank accounts as a result?

[naomi24]

Why would any right minded person think that closing accounts for no legitimate reason is acceptable? Why do you think it's acceptable, Hymie?

[johnny.5]

A pub can refuse to serve anyone without giving a reason
"There is a common law right to refuse entry to whom he/her chooses, provided the refusal is not on grounds of sex, race, disability, gender, sexual orientation and religion or belief. Being refused actual entry to premises is a simple extension of the right of refusal to serve"

so why can not a bank ?

[Hymie]

The legitimate reason to close the accounts was Brexit, and the then rules relating to holding accounts based in foreign countries.

[Hymie]

johnny.5 – because Nigel Farage says so.

[naomi24]

//The legitimate reason to close the accounts was Brexit//

How is that legitimate?

[Hymie]

Indeed – given that there would be no downsides to Brexit.

[naomi24]

That's not an answer. How was it legitimate to cancel him because of Brexit?

[Khandro]

Hymie; //Is Farage now going to campaign on behalf of all those fools who voted for Brexit, and lost their bank accounts as a result?//

au contraire! PEPs are an invention of Brussels not the UK

[Zacs-Master]

Khandro, I’ve told you before on a previous thread, the term PEP was not coined by Brussels / The EU.
‘ The origin of the term “politically exposed person” can be found in the aftermath of money-laundering scandals of the late 1990s. In particular, the Abacha Affair in Nigeria spurred international efforts to stop political figures misusing the financial system’
https://credence.co.uk/pep-meaning-what-is-a-politically-exposed-person/#:~:text=The%20origin%20of%20the%20term,figures%20misusing%20the%20financial%20system.

https://en.wikipedia.org/wiki/Politically_exposed_person

https://complyadvantage.com/insights/politically-exposed-persons/

You really need to get your info from a more reliable source than the right wing rags you read.