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Wisbech Eagle Truro Cornwall 24 Jul 23 11.41pm | |
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Originally posted by HKOwen
The Coutt's internal documents frequently refer to " our opinion, our view " Pesky fact I know, don't let a fact get in the way of your opinion So what? They were internal documents used during a review process. Whatever the basis was for them to reach their decision is a matter for them alone. The reasons for believing that something will impact their reputation and, as a consequence, the bottom line are not the point. They aren't closing the account because of Farage's opinions themselves. They are closing it on their opinion of what they do to their reputation. If "their opinion, their view" had been that his opinions enhanced their reputation they would not have closed it. On a personal level, some may agree with him, who knows?
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Wisbech Eagle Truro Cornwall 24 Jul 23 11.47pm | |
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Originally posted by Teddy Eagle
Never mind. Whatever happens to them will only be temporary. On the contrary. What that story suggests is that anyone who fails to meet the BBC's high standards is now very unlikely to be rehired again.
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HKOwen Hong Kong 25 Jul 23 12.03am | |
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Originally posted by Wisbech Eagle
So what? They were internal documents used during a review process. Whatever the basis was for them to reach their decision is a matter for them alone. The reasons for believing that something will impact their reputation and, as a consequence, the bottom line are not the point. They aren't closing the account because of Farage's opinions themselves. They are closing it on their opinion of what they do to their reputation. If "their opinion, their view" had been that his opinions enhanced their reputation they would not have closed it. On a personal level, some may agree with him, who knows? JHFC, the docs don't mention the views of their customers as you asserted in the decision making process. No point in telling someone who is stupid they are stupid etc
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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Teddy Eagle 25 Jul 23 12.32am | |
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Originally posted by Wisbech Eagle
On the contrary. What that story suggests is that anyone who fails to meet the BBC's high standards is now very unlikely to be rehired again. And the fact they rehired someone who falsified documents to further his own career is proof of their outstanding credentials. They can't fail can they?
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Tim Gypsy Hill '64 Stoke sub normal 25 Jul 23 1.17am | |
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Originally posted by Wisbech Eagle
So what? They were internal documents used during a review process. Whatever the basis was for them to reach their decision is a matter for them alone. The reasons for believing that something will impact their reputation and, as a consequence, the bottom line are not the point. They aren't closing the account because of Farage's opinions themselves. They are closing it on their opinion of what they do to their reputation. If "their opinion, their view" had been that his opinions enhanced their reputation they would not have closed it. On a personal level, some may agree with him, who knows? So, they closed his account because of his opinions. Why do you feel the need to argue that it's about their reputation?
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NEILLO Shoreham-by-Sea 25 Jul 23 7.56am | |
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Originally posted by Tim Gypsy Hill '64
So, they closed his account because of his opinions. Why do you feel the need to argue that it's about their reputation? Although I fundamentally disagree with Wisbech on this, I do get his point regarding reputation. When banks reassess their clients they put them through a risk rating process. I actually tested the RBS tool for this process albeit a decade or so ago. NF would ( should ) have been classified as a ‘ PEP ‘ - a Politically Exposed Person . And would therefore be in a higher risk category than the ordinary man on the street. Saying that, Coutts would be home to many such PEPS . When a bank onboards a PEP they perform enhanced due diligence on them and also review the risk on a more frequent basis. It appears that NF may have fallen foul of how Coutts assess their Reputational Risk. My argument is around the fact that NF’s views and political stance has been known for years - so why the change now ? I’m minded to say because the RBS Group’s reputation as a whole has been trashed down the years and now they want to be seen to be diverse, inclusive etc - hence Alison Rose appointed as CEO - just my view or though I can tell you it’s shared by some in the City. But in preserving their precious reputation, Coutts have forgotten that this country still promotes freedom of speech and a right to express your views. They are effectively censoring an individual. How they have gone about it is complete Amateur Hour and arguably their reputation has taken more of a hit than just keeping NF as a client. Apologies for the long post
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Badger11 Beckenham 25 Jul 23 8.33am | |
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Originally posted by NEILLO
Although I fundamentally disagree with Wisbech on this, I do get his point regarding reputation. When banks reassess their clients they put them through a risk rating process. I actually tested the RBS tool for this process albeit a decade or so ago. NF would ( should ) have been classified as a ‘ PEP ‘ - a Politically Exposed Person . And would therefore be in a higher risk category than the ordinary man on the street. Saying that, Coutts would be home to many such PEPS . When a bank onboards a PEP they perform enhanced due diligence on them and also review the risk on a more frequent basis. It appears that NF may have fallen foul of how Coutts assess their Reputational Risk. My argument is around the fact that NF’s views and political stance has been known for years - so why the change now ? I’m minded to say because the RBS Group’s reputation as a whole has been trashed down the years and now they want to be seen to be diverse, inclusive etc - hence Alison Rose appointed as CEO - just my view or though I can tell you it’s shared by some in the City. But in preserving their precious reputation, Coutts have forgotten that this country still promotes freedom of speech and a right to express your views. They are effectively censoring an individual. How they have gone about it is complete Amateur Hour and arguably their reputation has taken more of a hit than just keeping NF as a client. Apologies for the long post As others have pointed out I would love to see a list of Coutts clients I bet it include some very dodgy characters.
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Wisbech Eagle Truro Cornwall 25 Jul 23 10.00am | |
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Originally posted by HKOwen
It has everything to do with your double standards depending on the subject. You have stated often that it is clear Trump is guilty etc You can use selective memory as much as you want and many on here would expect no less That I believe Trump to clearly be a despicable man unfit for public office and guilty of many things, whilst others don’t, is irrelevant to having all the evidence tested in court. That’s the only place where all of it can be examined, questioned and valued. That I believe Biden to be bombarded by allegations but not by any actual charges is just the same. If evidence, rather than innuendo, exists, let it be presented and tested. I would no more defend him, if found guilty, than I would Trump.
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georgenorman 25 Jul 23 10.14am | |
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Originally posted by Wisbech Eagle
That I believe Trump to clearly be a despicable man unfit for public office and guilty of many things, whilst others don’t, is irrelevant to having all the evidence tested in court. That’s the only place where all of it can be examined, questioned and valued. That I believe Biden to be bombarded by allegations but not by any actual charges is just the same. If evidence, rather than innuendo, exists, let it be presented and tested. I would no more defend him, if found guilty, than I would Trump. Only we all know that you would.
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Wisbech Eagle Truro Cornwall 25 Jul 23 10.18am | |
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Originally posted by HKOwen
JHFC, the docs don't mention the views of their customers as you asserted in the decision making process. No point in telling someone who is stupid they are stupid etc Of course they don’t. That’s a ridiculous idea which shows how poor a grasp of this you have. They are reflecting upon the impact of perceived opinions. The mistake was to write it down in any meeting minutes or internal reports. By all means have a lively, open, internal discussion about what a t*** Farage is and how him holding an account could damage their reputation, but use diplomatic language for anything in writing. There was no need to be specific. Just “a review of Mr Farage’s reputation concluded that for us to continue offering him account services was against Company policy”
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Wisbech Eagle Truro Cornwall 25 Jul 23 10.23am | |
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Originally posted by Teddy Eagle
And the fact they rehired someone who falsified documents to further his own career is proof of their outstanding credentials. They can't fail can they? Once again I don’t think you have read the story you referenced. The internal enquiry about that rehire was scathing. It won’t happen again.
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Wisbech Eagle Truro Cornwall 25 Jul 23 10.40am | |
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Originally posted by NEILLO
Although I fundamentally disagree with Wisbech on this, I do get his point regarding reputation. When banks reassess their clients they put them through a risk rating process. I actually tested the RBS tool for this process albeit a decade or so ago. NF would ( should ) have been classified as a ‘ PEP ‘ - a Politically Exposed Person . And would therefore be in a higher risk category than the ordinary man on the street. Saying that, Coutts would be home to many such PEPS . When a bank onboards a PEP they perform enhanced due diligence on them and also review the risk on a more frequent basis. It appears that NF may have fallen foul of how Coutts assess their Reputational Risk. My argument is around the fact that NF’s views and political stance has been known for years - so why the change now ? I’m minded to say because the RBS Group’s reputation as a whole has been trashed down the years and now they want to be seen to be diverse, inclusive etc - hence Alison Rose appointed as CEO - just my view or though I can tell you it’s shared by some in the City. But in preserving their precious reputation, Coutts have forgotten that this country still promotes freedom of speech and a right to express your views. They are effectively censoring an individual. How they have gone about it is complete Amateur Hour and arguably their reputation has taken more of a hit than just keeping NF as a client. Apologies for the long post Thanks. All makes sense. I don’t though agree that Coutts are censoring Farage in any way at all. He doesn’t speak via his bank account and until this blew up no one knew he had one with Coutts. In fact their actions have provided him with a huge amount of publicity and opportunities to present himself as a victim. If this had not hit the headlines his ability to freely express himself would not have changed at all.
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