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Coutts VS Nigel Farage
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 Wisbech Eagle  Truro Cornwall 05 Aug 23 12.16pm |
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Originally posted by NEILLO
I've no direct experience of that scenario. I can see an argument for closing the RCA's accounts as well, but I suspect that would depend on how big a risk they are considered to be. Makes sense and is what I would have anticipated too.
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| Wisbech Eagle Truro Cornwall 05 Aug 23 12.23pm |
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Originally posted by Badger11
Several MPs have complained that their family members have been unable to open accounts or get mortgages because the MP was a PEP. Talk about sins of the father. Banks have an incredibly privileged position, they know that they will be backed by the taxpayer and yet they pay scant attention to their public obligations e.g. closing account and branches. If they want to be able to so what they like then fine the government should tell them they will no longer be supported when (and I mean when not if) they get into trouble. They don't have public obligations. Their obligations are to their shareholders. Do you want to nationalise the banking industry? You write as though you are a "lefty"! The government has put these burdens on the banks, and now some MPs complain about the consequences! I doubt that the support that was given was to protect the shareholders but was done to protect the country from the impact of bank failures.
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Teddy Eagle  05 Aug 23 12.25pm |
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Originally posted by Wisbech Eagle
De-risking seems perfectly accurate to me. And the end result is the same but in either case it's the bank making the decision.
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| NEILLO Shoreham-by-Sea 05 Aug 23 12.36pm |
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Originally posted by Wisbech Eagle
Surely though it's Coutts decision and not that of any "good percentage of the population". The latter can feel upset and decide they want nothing more to do with Coutts if they wish. That's their decision, which could make Coutts own look very foolish, but still their's to make, so long as they don't discriminate between different types of controversial opinions. Which you acknowledge they don't. My point was that Coutts viewed the opinions, which are not considered controversial by a percentage of the public, to be controversial - yes, it's their decision and one not a view shared by everybody.
Old, Ungifted and White |
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| Wisbech Eagle Truro Cornwall 05 Aug 23 1.34pm |
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Originally posted by Teddy Eagle
And the end result is the same but in either case it's the bank making the decision. As they should. Who else ought to do it?
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| Wisbech Eagle Truro Cornwall 05 Aug 23 1.39pm |
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Originally posted by NEILLO
My point was that Coutts viewed the opinions, which are not considered controversial by a percentage of the public, to be controversial - yes, it's their decision and one not a view shared by everybody. Doesn't need to be widely shared. Only determined as relevant by those responsible within the bank, who must have been given their reference points by management who in turn would have been guided by the Board.
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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| Spiderman Horsham 05 Aug 23 1.45pm |
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Originally posted by Wisbech Eagle
I do know that an enquiry into the closure of bank accounts by someone appointed by the FCA won’t be looking at Brexit but will have clear terms of reference and be expected to do their job objectively and professionally. Casting aspersions on them before they have even started has echoes from the USA. Not casting aspersions at all, just stating facts. If it is this person, he most certainly won’t be in the Farage camp.Glad you got the US in again
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HKOwen  Hong Kong 05 Aug 23 1.56pm |
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Natwest chairman has appointed a firm of lawyers to undertake an investigation into the de-banking of Nigel Farage, the most senior person at that firm described Brexit as racist, xenophobic and a tragedy. Am sure his report will be \non partisan and objective. Natwest gets more risible by the day.
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 05 Aug 23 2.03pm |
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Originally posted by Wisbech Eagle
As they should. Who else ought to do it? Your question at 10.19 in response to the article about debanking was: That doesn’t though specify who closed them. So...if not the bank then who else? We've gone from this not happening to it being due to reputational damage to Russian money and not being about political opinions to it being all about PEPs.
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ASCPFC  Pro-Cathedral/caravan park 05 Aug 23 2.07pm |
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Farage was always stealing the pens. Simple as that.
Red and Blue Army! |
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| Teddy Eagle 05 Aug 23 2.09pm |
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Originally posted by Wisbech Eagle
Doesn't need to be widely shared. Only determined as relevant by those responsible within the bank, who must have been given their reference points by management who in turn would have been guided by the Board. A decision in which they had such faith that people lost their jobs within days of it being made public.
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| Teddy Eagle 05 Aug 23 2.11pm |
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Originally posted by ASCPFC
Farage was always stealing the pens. Simple as that. Only because he got fed up changing the ones he nicked from the EU to read Eugenics.
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