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Wisbech Eagle Truro Cornwall 21 Jul 23 11.17am | |
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Originally posted by Spiderman
Yep and they have now made a grovelling apology. BBC misreported it ( really!) but are yet to apologise. CEO of Coutts had lunch with a BBC journalist the day before the story broke. The only apology I saw was for the use of some terminology in their internal documents. The government now proposes stricter requirements on how such matters are communicated, with a right for anyone impacted to be able to challenge and request a review. None of which, so far as I can see, changes the fundamental right of a bank to decide their own rules on the size of deposits or how they determine who are their target customers and who aren’t. This wasn’t clever PR by the bank and doubtless there has been some red faces internally but their right to do it remains intact. Whether it actually benefits Farage is another question. It is red meat to those who think like him, but to everyone else it only goes to confirm what they think of him. That he is an insufferable prick. I doubt whether he will have gained any support as a result of this publicity stunt.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
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Badger11 Beckenham 21 Jul 23 11.39am | |
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Originally posted by Wisbech Eagle
The only apology I saw was for the use of some terminology in their internal documents. The government now proposes stricter requirements on how such matters are communicated, with a right for anyone impacted to be able to challenge and request a review. None of which, so far as I can see, changes the fundamental right of a bank to decide their own rules on the size of deposits or how they determine who are their target customers and who aren’t. Whether it actually benefits Farage is another question. It is red meat to those who think like him, but to everyone else it only goes to confirm what they think of him. That he is an insufferable prick. I doubt whether he will have gained any support as a result of this publicity stunt. Except that lots of Coutts customers have come forward to say they also no longer meet the financial requirements and yet their accounts are still intact. I think Coutts would have a hard time in court proving that the decision was solely financial especially with the smoking gun that is the document and that is why they have apologised.
One more point |
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eagleman13 On The Road To Hell & Alicante 21 Jul 23 1.41pm | |
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Seems the bbc have done it again, 'errors in reporting' . . . [Link]
This operation, will make the 'Charge Of The Light Brigade' seem like a simple military exercise. |
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Badger11 Beckenham 21 Jul 23 2.16pm | |
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Originally posted by eagleman13
Seems the bbc have done it again, 'errors in reporting' . . . [Link] Yup don't expect them to apologise for sloppy unprofessional journalism, hey it's Farage....
One more point |
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georgenorman 21 Jul 23 2.23pm | |
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Originally posted by Wisbech Eagle
The only apology I saw was for the use of some terminology in their internal documents. The government now proposes stricter requirements on how such matters are communicated, with a right for anyone impacted to be able to challenge and request a review. None of which, so far as I can see, changes the fundamental right of a bank to decide their own rules on the size of deposits or how they determine who are their target customers and who aren’t. This wasn’t clever PR by the bank and doubtless there has been some red faces internally but their right to do it remains intact. Whether it actually benefits Farage is another question. It is red meat to those who think like him, but to everyone else it only goes to confirm what they think of him. That he is an insufferable prick. I doubt whether he will have gained any support as a result of this publicity stunt. This from someone who said that the company involved in the 'gay cake' case were obliged to take homosexual rights activist, Gareth Lee, as a customer. Your double standards are of course not unexpected. Edited by georgenorman (21 Jul 2023 2.25pm)
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eaglesdare 21 Jul 23 2.31pm | |
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Sets a very dangerous precedent when a bank closes your account based on your political views. No one should be cancelled, or have thier accounts closed based on any political views. whether you are left, right or center. Cant understand why some people are backing the bank here.
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Badger11 Beckenham 21 Jul 23 2.45pm | |
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Originally posted by eaglesdare
Sets a very dangerous precedent when a bank closes your account based on your political views. No one should be cancelled, or have thier accounts closed based on any political views. whether you are left, right or center. Cant understand why some people are backing the bank here. Because it's Farage if it was a Trans person they would be demonstrating outside of the bank. Double standards and hypocrisy all round. This does matter as we are moving to a cashless society people will need a bank account same as they need electricity.
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PalazioVecchio south pole 21 Jul 23 2.47pm | |
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in sympathy with Nigel, i have removed my 100 million quid from Coutts.
Kayla did Anfield & Old Trafford |
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Behind Enemy Lines Sussex 21 Jul 23 2.47pm | |
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Originally posted by eaglesdare
Sets a very dangerous precedent when a bank closes your account based on your political views. No one should be cancelled, or have thier accounts closed based on any political views. whether you are left, right or center. Cant understand why some people are backing the bank here. The bank can accept or decline who they want. They would also have a policy relating to Reputational Risk, whereby a client could affect their relationship with other customers. My bank once declined the financing of a printing press because of the contracts the company had to print soft core p*** mags (top shelf stuff). Bizarrely the local government was happy to give them a grant. Where the Farage episode breaks down is that he was already a customer and other customers in a similar position were not contacted to say that their accounts were closing for the same reason.
hats off to palace, they were always gonna be louder, and hate to say it but they were impressive ALL bouncing and singing. |
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silvertop Portishead 21 Jul 23 2.49pm | |
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Originally posted by eagleman13
Seems the bbc have done it again, 'errors in reporting' . . . [Link] Yes of course that's what this is all about. The BBC. Honestly, you lot! On actual topic I am no farage fan but Coutts have shot themselves in both feet. A child molester will have his bank account still there when he gets out of prison. To single out one man for his politics is chilling. Had they a policy of software automatically sending letters to any customer whose figures fall below the threshold farage would have no argument. Incidentally how did Farage make his £millions?
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PalazioVecchio south pole 21 Jul 23 2.52pm | |
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Originally posted by Badger11
This does matter as we are moving to a cashless society....
Kayla did Anfield & Old Trafford |
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eaglesdare 21 Jul 23 3.13pm | |
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Originally posted by Behind Enemy Lines
The bank can accept or decline who they want. They would also have a policy relating to Reputational Risk, whereby a client could affect their relationship with other customers. My bank once declined the financing of a printing press because of the contracts the company had to print soft core p*** mags (top shelf stuff). Bizarrely the local government was happy to give them a grant. Where the Farage episode breaks down is that he was already a customer and other customers in a similar position were not contacted to say that their accounts were closing for the same reason. Wasn't long ago that banks and employers would not allow black people to have accounts go inside restaurants, bars etc... What's your opinion on this? Should banks also have a right to decline based on ones skin color? It's discrimination in all forms.
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