Coutts Have Been Telling Fibs

[retrocop]

or at least being economical with the truth. Mr Farage's account was closed for political reasons and the views Mr Farage hold do not align with Coutt's. Going under the financial threshold had little to do with their decision. I hope he takes them to court as a result of unproved malicious allegations and slurs made against him.

https://www.dailymail.co.uk/textbased/news/text-12312737/Top-bank-lied-Nigel-Farage-ban-Coutts-axed-saying-wasnt-rich-emerges-believed-views-dont-align-values.html

[THECORBYLOON]

Has Coutts done anything unlawful?

Is any bank obliged to maintain an account forever, once it has been opened and is in credit?

[naomi24]

I don't know if anyone has claimed the bank has done anything unlawful, but what it's done is, in my opinion, highly unethical. Those who support the bank need to think on that. Today Mr Farage - tomorrow maybe you.

[THECORBYLOON]

If he is that desperate, could he not set up an account with a foreign-based bank?

[naomi24]

He shouldn't need to.

[Khandro]

^^ such as ?

[naomi24]

Corby's suggestion shouldn't be a consideration, Khandro.

[Togo]

The comments section is as incisive as the article. "I knew Doris Day before she was a virgin". Indeed.

https://www.conservativewoman.co.uk/bbc-lies-and-the-debanking-of-nigel-farage/

[youngmafbog]

// Today Mr Farage - tomorrow maybe you.//

And that is the point all the Farage haters dont get.

Views and politics change rapidly and it is not beyond the realms of possibility that many of the views espoused by some of the posters on here will not be acceptable. When they have their accounts closed and are unable to buy food or pay bills what will they do? Bleat no doubt about how unfair it is.

As I have said before IMHO the banking licence should be issued on the premise that no one is refused a basic account. By that I mean a current account with no facilities such as credit. A Bank account, especially these days, is not the same as a Baker cooking a cake. I find it bizarre some can draw such a comparison.

[royfromaus]

Anyone who wants Scotland to be independent should have their bank accounts closed.

[youngmafbog]

You may jest roy but that is exactly the sort of thing that could become a problem (whichever way you think).

[Khandro]

n. //Corby's suggestion shouldn't be a consideration, Khandro.//

It isn't really a consideration, opening offshore accounts isn't simple & NF wants, as he'd had; current & savings accounts plus things like credit & debit cards not to mention a bank he can go to for help and/advice.

In other words, what we all consider a bank to BE, (or used to).

[andy-hughes]

My response would be very simple -

My bank is a service, from you to me, and it involves managing my money.

My politics, views, and opinions are not relevant in any way, and if I find that they are negatively impacting on my account(s) because you are making moral judgements on my behaviour, I will see you in court.

[jno]

a state-run bank for those unhappy with other banks sounds like a good idea; as with welfare benefits, the state is wise to ensure safety nets for those on the margins. Has Farage actually opened the NatWest accounts he was offered?

[naomi24]

That was a current account, jno. He needs a business account too.

//a state-run bank for those unhappy with other banks sounds like a good idea//

Mr Farage wasn't unhappy with his bank.

[Peter Pedant]

You mean so that people who don't like what he says don't have to treat him fairly?
no so he (F) can bank for chrissakes
I think some people have not understood

he still doesnt have a business account

No the bank hasnt on the face of it done anything unlawful ( they havent treated him proportionately or fairly but I am not sure if he has a right to that ). As a result of the introduction of the PEP regs some bank 'gold plated' them. and in a normal world, ( pre Boris and all the lies) they would probably be allowed to.

but in a normal world, a bank wdnt debank some one for saying 'rip your corsets off ! ' to a nun ( er that is just an example)

and in a normal world you wouldnt get a prime minister lying

( altho the world accepts that Stanley Baldwin did in parliament in 1937)

[naomi24]

PP. //no so he (F) can bank for chrissakes //

He shouldn't need to seek an alternative 'for chrissakes'.

//I think some people have not understood //

I think so too - and you're one of them.

[retrocop]

Is it not unlawful to pass confidential customer details to a third party. Contrary to the Data Protection Act. That was what Coutts did. They gave Mr Farages details to the BBC.

[jno]

the Guardian (in an article supporting Farage) said he was offered a business account too

https://www.theguardian.com/business/nils-pratley-on-finance/2023/jul/19/nigel-farage-has-a-point-coutts-should-explain-itself

[Peter Pedant]

hi retro
nope I think Farage submitted a data access request ( 'subject access request' the papers rather poncily put it) and then released the data

there is also a SAR - suspicious activity report which at the v beginning people thought Farage had been caught by ( he hadnt)

and then we learnt of PEPs and further than hung onto PEPs was a bit about being mimsy and reflecting the BANK's views

so it was all from Farage, and the hacks and journos at the beeb had not idea ( what with their media degrees) what the banking law was oon this

as Naomi puts it: I think people have not understood (or she doesnt: I can never tell)

[Peter Pedant]

announced just now
Banks must explain their decisions ( previously as they did with Farage, they cd say - "oh no it is an SAR"
actually that wd be against s 333 POCA and the banks really do say "gottle of geer, gottle of geer" - Banks' refusal and silence was declared to be lawful in R v Khan I think