Gransnet forums

News & politics

Careful what you say, or you may end up without any banking facilities.

(480 Posts)
M0nica Wed 19-Jul-23 08:44:03

The DT headline news today is that Nigel Farage's bank, Coutts, unilaterally shut down his bank account with them, not, as they said originally because his assets fell below a minimum figure but because:

He doesn't align with our values He is seen as zenophobic and racist. He is considered by many to be a disingenuous grifter. Being associated with NF represents a material and ongoing reputaional risk to the bank

So now you know, we have a a new set of self-appointed censors in the land. Hold the wrong political views - and thats it, your bank account will be closed down.

And why should they stop at political views? Will the banks start closing the bank accounts of any one with contentious ethical or religious views, or because they are in the public eye for some aspect of their behaviour.

Will Huw Edwards, Philip Schofield, Katie Price, Prince Harry have their bank accounts closed down because the banks, who daily process millions, if not billions of £s for drug dealers, corrupt members of corrupt regimes, whose people starve while they stash £millions away in secret bank accounts, consider that the above named ^do not align with their values'

Who gave the banks, and when, the right to censor what we do and what we think and withdraw, that absolute essential of life today - a bank account - because someone's political or other views offend their delicate consciences?

Saetana Thu 20-Jul-23 19:41:28

Whitewavemark2

Yes - but this grubby little xenophobic, racist man will keep the story going for as long as he is in the spotlight.

Nothing will come of it - it is a non-story.

Has Farage appealed to the Ombudsman? Of course not.

Wow - what a nice person you are! It is not a non story, the head of Nat West has apologised to Farage for the libellous dossier - and its clear he is far from the only person who has had his account closed due to LEGALLY HELD views. And, yes, he is appealing to the Ombudsman. Might be an idea to get your facts right before you post.

Saetana Thu 20-Jul-23 19:36:28

Pooter

"Careful what you say, or you may end up without any banking facilities".

This thread headline is misleading. Farage was offered a Nat West account, so he isn't left "without banking facilities". He just won't have access to privileged banking with this particular bank. Privileged treatment isn't a right, although those with an entitled mindset like Farage may believe so.

Courts say that they are legally constricted in how they respond to Farage's accusations (something Farage knows).

So why doesn't Farage just put the full document into the public domain, rather than selectively fillet and thus distort it for his own advantage?

The full document, minus actual names of those making the reports, and his personal account numbers/balances etc, is available on the Telegraph website. It is a disgusting piece of libel and I hope Farage is considering legal action. Its very clear from the dossier that he was not debanked for falling below account thresholds, by his own admittance he had been below for years - as are many other Coutts customers. Being a bit below the threshold is never used as a reason, in isolation, to close an account. If any of you have read the full dossier - which is full of libel and links to biased media articles - then you will know his beliefs and political activity is why his accounts were closed. Yes he was offered a Nat West personal account, he needs a business account as well but this was not offered, verbally 5 minutes before his show was due to go on air a couple of weeks ago. Whatever you think of Farage, this is not right - he is highlighting a major problem at the moment, there are tens of thousands of people who have either had accounts closed or been unable to open them - and that is a very conservative estimate.

The head of Nat West has sent a written apology just a couple of hours ago, its all over the media so I won't quote it here. This is a bigger issue than Farage - when people start losing accounts because of their LEGALLY HELD views, well you have to wonder who is going to be next?

eazybee Thu 20-Jul-23 19:07:43

Along with three months notice, I hope there is a right to an explanation giving the reasons for the closure of the account.

Casdon Thu 20-Jul-23 18:54:09

Namsnanny

Casdon

MerylStreep

Lyndie

NF has had an apology from Coutts CEO.

As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.

According to the Telegraph, Dame Alison Rose, the chief executive of NatWest, has apologised to Nigel Farage over the mishandling of his account closure. His Coutts account won’t be reopened but she reiterated the offer of an account with NatWest.

Have you read the so called 'apology' Casdon?

It falls down in a number of ways.

Do you think this should put an end to all of this?

Yes, I’ve read it. I think she chose her words extremely carefully, and both she and he know the subtext, although we don’t.
I think the government have done the right thing in requiring three months notice of accounts being closed, so some good has come from it.

Namsnanny Thu 20-Jul-23 18:47:46

This was never going to court because NF knows where the bodies are buried .....

MerylStreep does this mean others have behaved badly (illegally or immorally), and NF is in fact knowledgeable of these events?
In which case who are these people, in your estimation?

I'm not saying you're wrong just I don't know who or when?

Namsnanny Thu 20-Jul-23 18:30:05

TerriBull

These newly acquired values are "foisted" values of ESG driven along by hedge funds such as Black Rock and lobbyists like Stonewall. Opposers can find a withhold of investment and black listing if they don't subscribe to the approved orthodoxies.

Perfectly put TerriBull

Namsnanny Thu 20-Jul-23 18:28:35

Casdon

MerylStreep

Lyndie

NF has had an apology from Coutts CEO.

As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.

According to the Telegraph, Dame Alison Rose, the chief executive of NatWest, has apologised to Nigel Farage over the mishandling of his account closure. His Coutts account won’t be reopened but she reiterated the offer of an account with NatWest.

Have you read the so called 'apology' Casdon?

It falls down in a number of ways.

Do you think this should put an end to all of this?

TerriBull Thu 20-Jul-23 18:26:34

These newly acquired values are "foisted" values of ESG driven along by hedge funds such as Black Rock and lobbyists like Stonewall. Opposers can find a withhold of investment and black listing if they don't subscribe to the approved orthodoxies.

Namsnanny Thu 20-Jul-23 18:20:01

DiamondLily

Yes, they have apologised, but the closure of his account remains.

He can either open a normal NatWest account or go elsewhere.

www.dailymail.co.uk/news/article-12320703/Coutts-says-SORRY-Nigel-Farage-deeply-inappropriate-report-insists-values-freedom-expression-government-announces-crackdown-customers-accounts-closed.html

Where is he supposed to go? 9 banks have towed the ERG line so far.

Things seem to be changing though.

Namsnanny Thu 20-Jul-23 18:11:55

Over 2 years and counting TerriBull

Namsnanny Thu 20-Jul-23 18:10:48

The longer they (NW) play this game of sly underhand behaviour, the worse it will be for them.

TerriBull Thu 20-Jul-23 18:09:47

It takes over a year to get any sort of response from The Ombudsman, given the number mentioned upthread of cancelled accounts there is obviously a backlog of cases there. At least given the furore over NF's cancelled accounts banks will hopefully put under more scrutiny.

DiamondLily Thu 20-Jul-23 18:05:22

Yes, they have apologised, but the closure of his account remains.

He can either open a normal NatWest account or go elsewhere.

www.dailymail.co.uk/news/article-12320703/Coutts-says-SORRY-Nigel-Farage-deeply-inappropriate-report-insists-values-freedom-expression-government-announces-crackdown-customers-accounts-closed.html

Namsnanny Thu 20-Jul-23 18:04:49

Precisely Lyndie and Nat west are being obtuse about that too.

Namsnanny Thu 20-Jul-23 18:03:14

Alison Rose was paid 5 .5 million this year. For what?

As I wrote on another thread if she had looked after the running of the bank, instead of making decisions about the character of their customers maybe she'd deserve it.

Lyndie Thu 20-Jul-23 18:03:08

The NatWest Account is only offered as a personal account not a Business Account.

Casdon Thu 20-Jul-23 17:53:53

MerylStreep

Lyndie

NF has had an apology from Coutts CEO.

As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.

According to the Telegraph, Dame Alison Rose, the chief executive of NatWest, has apologised to Nigel Farage over the mishandling of his account closure. His Coutts account won’t be reopened but she reiterated the offer of an account with NatWest.

Primrose53 Thu 20-Jul-23 17:52:53

Nat West have apologised to Nigel Farage for mishandling his account and for offensive remarks they made about him. All that guff about him receiving Russian money has also been disproved although there will be some on here who still won’t accept that 😝

That is quite something and apparently there is now a FB page with 10,000 who have had their accounts closed.

I think there’s going to be a lot more to this story as thousands of people complain now.

If I were Farage I would sue them for every penny as well! There is a Financial journalist on TV just now saying NF has several options open to him now. 👏👏

Namsnanny Thu 20-Jul-23 17:48:52

fancythat

Whitewavemark2

Yes - but this grubby little xenophobic, racist man will keep the story going for as long as he is in the spotlight.

Nothing will come of it - it is a non-story.

Has Farage appealed to the Ombudsman? Of course not.

There will be closer scrutiny of banking practices.

Wwmk2 Non story???

Ombudsman? Wait and see

You cannot spread this rubbish anymore.

Even Alison Rose of Coutts couldnt find any thing and apologised

Like or hate NF, lies must be called out.

I'm very saddened and surprised at attitudes that up hold bias are being peddled and supported, in this country.

MerylStreep Thu 20-Jul-23 17:44:39

Lyndie

NF has had an apology from Coutts CEO.

As I said earlier, this was never going to go to court because Nigel Farage knows where the bodies are buried.

Lyndie Thu 20-Jul-23 17:38:21

NF has had an apology from Coutts CEO.

Keeper1 Thu 20-Jul-23 17:36:59

It seemed that he upset the banks woke agenda they objected to him liking and sharing a Rocky Gervais sketch about new women, and old fashioned women, the ones with a womb.

MerylStreep Thu 20-Jul-23 17:21:55

Thank you for that GranyGravy

Primrose53 Thu 20-Jul-23 17:19:47

vegansrock

No one is forced to bank at Coutts or shop at M and S , Amazon or anywhere else if you don’t like their values. Take your business elsewhere.

Other way round actually.

NF has banked with Coutts for over 40 years anyway.

GrannyGravy13 Thu 20-Jul-23 17:19:37

MerylStreep

Money makes the world go round, and footballers well, they like money and going round the world.

(Have a look at Bravissimo for bras, the one in Bond Street, Chelmsford has really helpful staff, once you find your size in their products the online service is very good)