Debanking accusations debunked.
Quote:
UK regulator finds no evidence of politicians being ‘debanked’ over views
Financial Conduct Authority preparing to release report commissioned after Nigel Farage row
A review by the chief UK financial regulator has uncovered no evidence that politicians are being denied bank accounts because of their views, according to people briefed on the findings.
The Financial Conduct Authority launched a probe in August, weeks after former UK Independence party leader Nigel Farage unleashed a debate on free speech by claiming his accounts with private bank Coutts were about to be closed because his views “did not align” with the lender.
The row over the “debanking” of Farage sparked complaints from other politicians about their treatment by lenders, prompting the government to order a review by the FCA.
People familiar with the situation said the FCA would publish findings in the coming days showing there were no cases of political views being the “primary” reason for personal account closures across the 34 banks and payment companies that were asked to submit data to the regulator. The FCA declined to comment.
The data examined by the FCA covers the period from June 2022 to June 2023.
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https://www.ft.com/content/2e5481ab-...a-9424e5e9d48a