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It Looks Like The Fca Has Read Coutts 40 Page Report On Debanking Farage
In particular the passage I have pointed to many times on AB – pointing out Farage did not have enough money to be a Coutts customer.
‘After the expiry of the mortgage with Coutts, NF would not be a criteria client, and we should set a glide path to exiting NF when that mortgage expires.’
No doubt the idiot Farage will not be happy – neither is GB
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For more on marking an answer as the "Best Answer", please visit our FAQ.From further on in the same Times article -
'The report said the FCA would do a further analysis of cases where banks closed accounts due to reputational risk as the evidence provided had been “inconsistent”...
...Nikhil Rathi, chief executive of the FCA, said: “While no bank, building society or payment firm reported to us that they had closed accounts primarily due to someone’s political views, further work is needed for us to be sure.”
...Banks will now be asked to provide details showing the data reported to the regulator is accurate, and the regulator will conduct additional work to assess cases of lenders closing accounts for reputational reasons.'
It looks like the 'Report' didn't go very far beyond asking the banks some questions and getting their fairly obvious (I would think) replies.
Farage received similar replies when he simply asked, but then Coutts had to provide more 'details... data'.
Surely you must be aware by now that the "insufficient funds" justification was simply an excuse ? Did you not see all the many reports from others that they still have an account but they don't pass the funds criteria ? It's fairly clear the criterion is there to use when they need to justify the unjustifiable.
You are right there. In this case life is indeed not like that. If the old trout running Coutts and Nat West, who has now resigned, does not like a person's politics she will use 'insufficient funds'as a feeble excuse to out her clients because she has not got the guts to tell the truth.
If she liked my left wing stance on politics and was a remainer no doubt she would allow my account irrespective of not having one million lodged in it. That is life Hymie in the real world.
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