ChatterBank1 min ago
Fca Finds That Farage’s Coutts Account Was Closed For Commercial Reasons (I.e. He Did Not Have Enough Money To Qualify As A Customer)
I wonder if you can recall someone on AB, having read the Coutts report in debanking Farage – pointed out (in multiple posts) that that report said that Farage was too poor to bank with them?
I also recall that when Farage had first seen a draft of the FCA report, he said that he did not know whether to laugh or cry – I do, Ha ha ha.
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For more on marking an answer as the "Best Answer", please visit our FAQ.You only need to read Coutts' own version of their dossier on Mr Farage to see the sort of information they kept on him. As well as that, Natwest's Chairman Sir Howard Davies reacted to the report with this statement:
"This report sets out a number of serious failings in the treatment of Mr Farage. Although Travers Smith confirm the lawful basis for the exit decision, the findings set out clear shortcomings in how it was reached as well as failures in how we communicated with him and in relation to client confidentiality. We apologise once again to Mr Farage for how he has been treated. His experience fell short of the standards that any customer should expect."
As well as that, Natwest Group CEO, Alison Rose, resigned in the wake of the fiasco, admitting "serious errors of judgement" and had around £7m of unvested share options withdrawn.
And as well as that, I think we've done this once or twice before. Must be a slow news day.
My mate Phil. Ho Ho Ho. Poor Hymies Idiotic Loon (P.H.I.L.)
we have the three Muppeteers Phil, Hymie and Gulliver denying any wrong doing by Coutts and Nat West. They won't explain or discuss the resignation of the Woman who breached client confidentiality so I wouldn't bother to engage with this ship of fools.
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