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Coutts VS Nigel Farage
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NE14T  01 Aug 23 1.11pm |
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Wisbech Would you support banks if they were allowed to close accounts of customers because of their left wing/ liberal views or because for example they were Remainers? I sincerely hope not but that’s where your views inevitably take us.
The beatings will stop when morale improves. |
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 Wisbech Eagle Truro Cornwall 01 Aug 23 1.17pm |
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Originally posted by georgenorman
It's like arguing with a parrot with tourette's syndrome. If only arguing with you was possible! All I ever do in trying to respond to your insult laden invectives is to patiently try to point out your errors of fact.
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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| Wisbech Eagle Truro Cornwall 01 Aug 23 1.23pm |
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Originally posted by NE14T
Wisbech Would you support banks if they were allowed to close accounts of customers because of their left wing/ liberal views or because for example they were Remainers? I sincerely hope not but that’s where your views inevitably take us. If they were PEPs whose views were regarded as potentially damaging their bottom line then of course I would. The views themselves are not, and never have been, the issue. It’s the assessment of whether the person holding them either costs the bank too much time and money to make their account profitable or if knowledge of the bank serving them might damage their reputation. If I was a bank I would not offer an account to Corbyn.
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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HKOwen  Hong Kong 01 Aug 23 1.30pm |
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What grates is the imbeciles at Coutts and Natwest are partially funded by the taxpayer.
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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 georgenorman 01 Aug 23 1.40pm |
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Originally posted by Wisbech Eagle
If only arguing with you was possible! All I ever do in trying to respond to your insult laden invectives is to patiently try to point out your errors of fact. Your posts are largely self-important exercises in mental cheating, as Orwell said: "In our society, those who have the best knowledge of what is happening are also those who are furthest from seeing the world as it is. In general, the greater the understanding, the greater the delusion; the more intelligent, the less sane " [1984]
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| Mattconrov 01 Aug 23 1.49pm |
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Originally posted by georgenorman
Your posts are largely self-important exercises in mental cheating, as Orwell said: "In our society, those who have the best knowledge of what is happening are also those who are furthest from seeing the world as it is. In general, the greater the understanding, the greater the delusion; the more intelligent, the less sane " [1984] Nailed that one mate.
" You're not laughing now are you". Nigel Farage 2016. |
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| NE14T 01 Aug 23 1.53pm |
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Wisbech That’s a ridiculous line to tread. Closing the accounts of Farage and Corbyn because you take issue with their politics. Thanks goodness you don’t run a bank you would cause chaos, uncertainty and division.
The beatings will stop when morale improves. |
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| Matov 01 Aug 23 1.58pm |
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So Farage has not only claimed two scalps but is getting his bank account back AND potential compensation. Is there any end to the winning for him on this?
And it's not even over yet. LOL.
"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell. |
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| NE14T 01 Aug 23 3.07pm |
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The government should insist all UK banks review their risk and reputation exit decisions over the last 2 years and provide details of how many decision were influenced by politics. PEP exits where there are genuine bribery & corruption concerns excluded.
The beatings will stop when morale improves. |
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| NEILLO Shoreham-by-Sea 01 Aug 23 3.15pm |
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Originally posted by NE14T
The government should insist all UK banks review their risk and reputation exit decisions over the last 2 years and provide details of how many decision were influenced by politics. PEP exits where there are genuine bribery & corruption concerns excluded. I don't know how that would work in practice although I get where you're coming from. Alternatively, anyone that has had their accounts closed and are considered or think they have been classified as a PEP can go the same route as Farage and demand to see their personal files.
Old, Ungifted and White |
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palace_in_frogland  In a broken dream 01 Aug 23 3.18pm |
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Originally posted by georgenorman
It's like arguing with a parrot with tourette's syndrome. Who’s a pretty f4cking boy then?
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| NEILLO Shoreham-by-Sea 01 Aug 23 3.35pm |
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Originally posted by Wisbech Eagle
That may be true, and may well be seen in hindsight as a badly thought through policy. Doesn’t change their right to do it. Banks are allowed to be stupid. I have never disputed their right to set their own risk policies. The question is, how effective are they ? Are they truly fit for purpose ? In this instance, what was the associated risk - again reputational - with closing Farage's account ? I'd say it was as high as it's been proven to be. The pragmatic approach would have been to acknowledge and accept the risk of having Farage as a client gffv v internally without taking any further action. It looks like Coutts blindly followed their newly Woke direction without considering the potential consequences. And I know that you do not buy into the ' opinion ' bit, but someone in Coutts, almost certainly Farage's RM, was of the opinion that Farage represented a risk. Almost certainly as a result of ongoing due diligence through ' adverse media ' reports. I very much doubt if this was a unanimous view as in my experience there are usually various opinions put forward when classifying risks and the subsequent actions to be taken. I'd be interested in hearing views from Badger and HK Owen on this as I believe their experience closely matches mine.
Edited by NEILLO (01 Aug 2023 3.39pm)
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