Quote:
Originally Posted by 1andrew1
He was given notice his accounts were being closed. They weren't closed in November 2022.
Just because you're a Farage Fan and don't agree with Coutts' analysis does not make it biased nonsense.
He was a poltically-exposed person so would be flagged by software on the bank's CRM taken from PEP lists. Then the bank would monitor his press.
|
Andrew Neil has been going over the ‘dossier’ of Coutts internal discussions about how to get rid of Farage’s accounts and they are not nearly as dispassionate as you’re making them out to be.
Killer quotes: “… his publicly stated views … are at odds with our position as an inclusive organisation.”
“… not a political decision but one entered around inclusivity and purpose.”
The documents also show that Coutts planned to use the final paying down of his mortgage, which was due to occur this month, as the pretext for closing his accounts, on the basis that he was no longer a “criteria client” (not borrowing or investing enough). The discussion about his views as the real reason for de-banking him was not supposed to get out.
Had they intended to use perfectly understandable, industry-wide criteria about political exposure as the reason to de-bank him, you would have thought they could have just been up-front and said so. It’s clear, however, that they attempted to hide their disapproval of his views behind the natural winding-down of his mortgage.
https://twitter.com/afneil/status/16...56-Kgau3lzowJw