ChatterBank1 min ago
Newspapers Are Continuing To Spin The Lie That Farage Was Not To Poor Hold An Account With Coutts
Those of you who followed my previous post on this topic will know that the Coutts 40 page report stated unequivocally that ‘After the expiry of the mortgage with Coutts, Farage would not be a criteria client’ In other words, he would be too poor to hold an account with them – and this was the reason they debanked him.
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And since you are so intent on quoting the Coutts full report, here’s another passage that may be of interest:
“Therefore, the decision was to EXIT Nigel Farage (including business accounts), that exit to be on a glide path to coincide with the expiry of the mortgage, ***but an earlier exit to be considered if an event occurs that amplifies the reputational risks associated with banking NF. [unnamed] team would undertake monthly Adverse Press Checks on NF.”***
So there is every possibility that NF would have seen his accounts terminated even before his mortgage ended, if he jeopardised the bank’s reputation (based on their observations of his behaviour).
Do you need any more? Or will you persist with this nonsense?
“Therefore, the decision was to EXIT Nigel Farage (including business accounts), that exit to be on a glide path to coincide with the expiry of the mortgage, ***but an earlier exit to be considered if an event occurs that amplifies the reputational risks associated with banking NF. [unnamed] team would undertake monthly Adverse Press Checks on NF.”***
So there is every possibility that NF would have seen his accounts terminated even before his mortgage ended, if he jeopardised the bank’s reputation (based on their observations of his behaviour).
Do you need any more? Or will you persist with this nonsense?
So I bank with a common or garden high street bank – if I was to cause reputational damage to that bank through my actions, of course they have the right to close my account; and that any other account holder who does the same.
Why the hell do you think an account holder can dictate to a private bank what they can and cannot do; especially when what they have done is within their rules?
For some reason, everyone thinks Farage is a special case and can indeed dictate what his bank can and cannot do. Farage failed to meet the criteria to hold an account with the bank, and so they closed his account – why are you all supporting this idiot?
Why the hell do you think an account holder can dictate to a private bank what they can and cannot do; especially when what they have done is within their rules?
For some reason, everyone thinks Farage is a special case and can indeed dictate what his bank can and cannot do. Farage failed to meet the criteria to hold an account with the bank, and so they closed his account – why are you all supporting this idiot?
Any comment following the BBC apology Hymie. You appear to have gone quiet.
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Hymie, I don’t agree that Mr Farage is an idiot - he’s rather more high profile than, say, you for example - but why are we all supporting him - and that’s regardless of whether we’re Leavers or Remainers (who probably dislike him just as much as you do)? May I suggest you pause for breath, keep fingers from keyboard and take some time to have a little think about why. I live in hope that the penny will drop eventually.
So Hymie just for clarification of your 17.06 post. What reputational damage has Farage's believes done to Coutts? When has he dictated to the bank what they can and cannot do? Why do you consider that Farage believes he is a special case when others customers of Coutts and other banks have come forward to say that their accounts have been closed, and they have been told the reason for closure is because their believes do fit the banks ideology?
//....if I was to cause reputational damage to that bank through my actions, of course they have the right to close my account; and that any other account holder who does the same.//
I take it we’ve moved on from your contention that Mr Farage had his account closed because of his financial position. At least that’s some progress.
It depends what you class as "reputational damage". Among the dastardly crimes Mr Farage is said to have committed which could damage Coutts' reputation is his association with a former President of the United States and with a champion tennis player who had declined the Covid vaccine.
Among the other topics which Mr Farage commented on are his criticism of successive governments for allowing excessive immigration into the UK and for the drive towards “multiculturalism” with which he disagrees. As well as that his views on “Net Zero” are said to have drawn adverse remarks in the report you are so keen on.
Like you, I’ve read the full report. With the possible exception of Mr Farage’s suspected association with Russian “Funny Money” (which was based solely on conjecture with no evidence whatsoever) there was nothing in that report which would have jeopardised Coutts’ reputation. All the issues mentioned were simply those which did not fit the ideology of the bank's management: they did not like Brexit; they do not like criticism of “Net Zero” policies; they do not like “populist” movements; they do not like criticism of excessive immigration.
But these are all matters that should be legitimately debated and Mr Farage was at the forefront of many of those debates. That’s why they didn’t like him. Their implication that his association with the bank may be harmful to them was pathetic. They’d simply decided that their view on these issues was the correct one and people disagree with them do so at their peril.
I note from tonight’s news that the BBC has now issued an apology to Mr Farage, accepting that their report on the Coutts affair was misleading and accepting that the Coutts report labelled Mr Farage as displaying Xenophobic, Chauvinistic and Racist traits. As I said earlier, you may be happy to see British banks choosing who to retain as its customers based on their views on topical issues. I most certainly am not.
I take it we’ve moved on from your contention that Mr Farage had his account closed because of his financial position. At least that’s some progress.
It depends what you class as "reputational damage". Among the dastardly crimes Mr Farage is said to have committed which could damage Coutts' reputation is his association with a former President of the United States and with a champion tennis player who had declined the Covid vaccine.
Among the other topics which Mr Farage commented on are his criticism of successive governments for allowing excessive immigration into the UK and for the drive towards “multiculturalism” with which he disagrees. As well as that his views on “Net Zero” are said to have drawn adverse remarks in the report you are so keen on.
Like you, I’ve read the full report. With the possible exception of Mr Farage’s suspected association with Russian “Funny Money” (which was based solely on conjecture with no evidence whatsoever) there was nothing in that report which would have jeopardised Coutts’ reputation. All the issues mentioned were simply those which did not fit the ideology of the bank's management: they did not like Brexit; they do not like criticism of “Net Zero” policies; they do not like “populist” movements; they do not like criticism of excessive immigration.
But these are all matters that should be legitimately debated and Mr Farage was at the forefront of many of those debates. That’s why they didn’t like him. Their implication that his association with the bank may be harmful to them was pathetic. They’d simply decided that their view on these issues was the correct one and people disagree with them do so at their peril.
I note from tonight’s news that the BBC has now issued an apology to Mr Farage, accepting that their report on the Coutts affair was misleading and accepting that the Coutts report labelled Mr Farage as displaying Xenophobic, Chauvinistic and Racist traits. As I said earlier, you may be happy to see British banks choosing who to retain as its customers based on their views on topical issues. I most certainly am not.
The fact is that Farage had his account closed because he was no longer a criteria client once his mortgage was paid off with the bank.
In my part II post on this topic, I posted an extract (of Coutts 40 page report) which included the extract posted by NJ (@14:02) – that noted Coutts may close his account due to reputational damage, which was not the reason for closing his account – it was because he was too poor.
As explained, if you cause reputational damage to the bank you bank with, they are perfectly within their rights as a private company to terminate their relationship with you.
Imagine the potential reputational damage to a bank providing banking services to a Nazi organisation.
With regards Farage being an idiot; his lies on Brexit have been well documented as have his xenophobic/racist views. If you hold such a person in high regard, then perhaps your moral compass requires picking up off the floor and subject to significant repair, or at the very least recalibrating.
If I were Farage I would be laughing my testicles off at how this fiasco is unfolding in the media in his favour, given the facts.
In my part II post on this topic, I posted an extract (of Coutts 40 page report) which included the extract posted by NJ (@14:02) – that noted Coutts may close his account due to reputational damage, which was not the reason for closing his account – it was because he was too poor.
As explained, if you cause reputational damage to the bank you bank with, they are perfectly within their rights as a private company to terminate their relationship with you.
Imagine the potential reputational damage to a bank providing banking services to a Nazi organisation.
With regards Farage being an idiot; his lies on Brexit have been well documented as have his xenophobic/racist views. If you hold such a person in high regard, then perhaps your moral compass requires picking up off the floor and subject to significant repair, or at the very least recalibrating.
If I were Farage I would be laughing my testicles off at how this fiasco is unfolding in the media in his favour, given the facts.
//Imagine the potential reputational damage to a bank providing banking services to a Nazi organisation.//
Yes imagine - which is all we can do because Coutts were not providing banking services to a Nazi organisation. They were providing it to somebody whose views did not fit their ideology. It had nothing to do with their reputation. If it did, it would have ruled out from their services 17,410,742 people, all of whom disagree with their ideology. I'm sure some of them must bank with Coutts.
//...as have his xenophobic/racist views.//
Do you have some examples?
as have his xenophobic/racist views.
Yes imagine - which is all we can do because Coutts were not providing banking services to a Nazi organisation. They were providing it to somebody whose views did not fit their ideology. It had nothing to do with their reputation. If it did, it would have ruled out from their services 17,410,742 people, all of whom disagree with their ideology. I'm sure some of them must bank with Coutts.
//...as have his xenophobic/racist views.//
Do you have some examples?
as have his xenophobic/racist views.
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On Monday, the BBC said on its Corrections and Clarifications website: "We acknowledge that the information we reported - that Coutts' decision on Mr Farage's account did not involve considerations about his political views - turned out not to be accurate and have apologised to Mr Farage."
I imagine the BBC are also wrong as well.
On Monday, the BBC said on its Corrections and Clarifications website: "We acknowledge that the information we reported - that Coutts' decision on Mr Farage's account did not involve considerations about his political views - turned out not to be accurate and have apologised to Mr Farage."
I imagine the BBC are also wrong as well.
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