Quote:
Originally Posted by jonbxx
This pretty much. Banks, like other businesses, are there to make money. To turn down this opportunity is a big decision and would either be because they have to for regulatory reasons or for wider marketing reasons.
Nigel Farage’s finances are either directly of potentially iffy which exposes the bank to possible regulatory issues or his personal brand is toxic to Coutts which may put off other customers from banking with them.
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Coutts is a private bank so works on discretion. That and service are what its high net worth individual customers pay for. It never declares who banks with it* and it probably has far more toxic customers on its books than Farage.
* Thanks to data protection laws, banks these days don't do this usually anyway.