Nigel Farage cries persecution, nobody wants to be his banker after ties to Russia

ancapailldorcha

https://www.boards.ie/discussion/comment/120898142#Comment_120898142

Where did I defend unethical corporate behaviour?

markodaly

https://www.boards.ie/discussion/comment/120898131#Comment_120898131

Yes, you generalised, as did I. How unfortunate.

Where is your post condemning the behaviour of NatWest and Allision Rose, because all you have done really is have a go at Farage who like it or not has had his private banking information shared with a BBC journalist, which is a) unethical b) borderline illegal

Danzy

https://www.boards.ie/discussion/comment/120898084#Comment_120898084

They may not fare out as well and suffer the indignity of more MPs elected and walking in to no.10.

BattleCorp

https://www.boards.ie/discussion/comment/120898103#Comment_120898103

Just to be clear, if posters here have the belief that Nigel Farage has been unfairly treated by Coutts, are you accusing them of being a part of a Nigel Farage cult?

ancapailldorcha

https://www.boards.ie/discussion/comment/120898155#Comment_120898155

More lies. I'm not wasting any more time on your deceitful drivel.

markodaly

https://www.boards.ie/discussion/comment/120898167#Comment_120898167

Yes, I would like to know this too.

Is pointing out the unethical behaviour by Allision Couts and NatWest makes one part of this Cult?

Am I part of this Cult?

Quin_Dub

https://www.boards.ie/discussion/comment/120898120#Comment_120898120

"That perceived risk is based solely on his political views and opinions."

Because that is all he has.

His entire livelihood is based on him expressing his Political opinions so of course any evaluation of his risk to the Bank would be based on what he is and what he does.

If he was a singer it would be talking about his risk of throat nodules or laryngitis or whatever.

He makes money by sharing his political opinions - Opinions that are widely viewed as controversial and confrontational , leading to risk.

As I have said repeatedly , the banks don't give a toss about anyones politics - They truly don't , they only care if what you say or do puts their profits at risk.

Coutts believed that continuing to have Farage as a customer wasn't worth it and made their decision on that basis.

markodaly

https://www.boards.ie/discussion/comment/120898190#Comment_120898190

Where is the lie, exactly?

You have not condemned the behaviour of Allision Rose or Natwest which by all accounts is unethical and some may say illegal. So in effect, you are condoning it.

This is true

You had plenty to say about landlords, calling them parasites with no quarter of equivocation given.

This is true.

So no lie at all, but hoisted on your petard by your own words.

https://www.boards.ie/discussion/comment/120898193#Comment_120898193

You can't have it both ways.

You earlier claimed his politics have nothing to do with the decision, and yet here you are justifying his removal from Coutts because of his political views.

As I said before, if this were Keir Starmer or Jeremy Corbyn whose bank account was cancelled because of their political views, the same people defending Coutts would instead be condemning them in the most vehement terms.

Danzy

https://www.boards.ie/discussion/comment/120898242#Comment_120898242

It's the worst form of tribalism.

I can look at a man like Melia, his account was closed for political reasons as well. I look at his British army history, his tours in Ireland, feel pity he didn't get crated home at the time but also think it is wrong now to close his account over political disagreement.

As soon as they see Farage mentioned it's absolutism.

If he led a campaign for the abolition of the monarchy in England they'd be calling for the abolition of Parliament and unfettered Regal authority.

Danzy

https://www.boards.ie/discussion/comment/120898192#Comment_120898192

Overheal is going to be considered part of the cult now, he expressed an opinion based on the circumstances rather than blanket and doctrinal opposition.

circadian

I was under the impression Nigel is a free marketeer and would prefer less regulation?

Quin_Dub

https://www.boards.ie/discussion/comment/120898242#Comment_120898242

I'm really not sure why you struggle to understand this.

They don't care about his politics per se - They have no moral line they are protecting here , they care about the (potential) impact of his actions on their profits.

Banks/Corporations are not "woke" (whatever the hell that means) because they are taking some moral high-ground , EVERYTHING they do is in the defense of their profit margin.

I have no doubt whatsoever that Coutts have customers that are utterly reprehensible horrible people , with horrible political views but as long as those customers are not espousing those views in public and risking the profits of the bank, Coutts couldn't give a damn about the political views they hold.

The bank didn't say "we disagree with his political viewpoint so we are going to close his account" they said "His public behaviours/statements (that are all politics based because that is what he is/does) have the potential to cause us reputational damage or loss of business".

And again as I have said multiple times that consideration is an equation of Risk vs. Reward so they might be willing to continue to do business with someone with a distasteful public image if that business was sufficiently profitable.

It's all about which side of that risk/reward line the customer falls - Coutts felt that Farage was too far on to the risk side of the line and looked to end their relationship.

That's all.

Shoog

https://www.boards.ie/discussion/comment/120898166#Comment_120898166

Its a testiment to how badly the right wing extremist in the Tory party have tanked the country that a man with no platform, no policies and no personality is going to replace them.

That's some achievement.

ancapailldorcha

https://www.boards.ie/discussion/comment/120898312#Comment_120898312

That's only for the peasants. Otherwise, it's Socialism for the rich.

https://www.boards.ie/discussion/comment/120898345#Comment_120898345

If his political views were a problem, why was he given an account to begin with by the Coutts Communists? This is a city awash with money from Russian oilgarchs and Saudi Sheikhs. That's the glaring hole in Nigel's little victimhood story.

https://www.boards.ie/discussion/comment/120898375#Comment_120898375

That comparison only makes sense if it accounts for Farage’s political views and not his wealth.

Because if Farage was as rich as some Russian oligarch, his politics would have been ignored.

If anything, your comparison is proving my point. It's not about wealth, it's about politics.

Shoog

https://www.boards.ie/discussion/comment/120898394#Comment_120898394

Your logic escapes me ... again.

https://www.boards.ie/discussion/comment/120898414#Comment_120898414

Coutts keep far dodgier characters in their books, who are considerably wealthier than Farage, to put it mildly.

Yet Coutts do not debank them on the basis that "their values do not align with ours".

Yet that's what they said to Farage. Clearly then, his politics is what swung the balance against him, not his level of wealth.

If Farage were a billionaire, would they have issued the same dossier outlining his political views?

I absolutely don't think so.

TomTomTim

https://www.boards.ie/discussion/comment/120897953#Comment_120897953

Any figure who doesn't tow the line, will be hated blindly, slandered, never defended, treated like something that's all but evil. And because of their "evil", no standard ever applies to them, and anything that hurts them will be cheered for no matter how unjust it is, and all this comes from people who consider themselves sophisticated and kind. And without any awareness of the irony, they'll call everyone else as people who pedal "hate". They are the living embodiment of what they think their political rivals are.

ancapailldorcha

https://www.boards.ie/discussion/comment/120898414#Comment_120898414

They've admitted that it's because of his wealth and they don't realise it.

Because if Farage was as rich as some Russian oligarch, his politics would have been ignored.

Precisely. This was because of Farage's low amount of wealth for this bank.

Shoog

https://www.boards.ie/discussion/comment/120898431#Comment_120898431

Which points to his lack of wealth been the primary factor. As I said your logic fails me.

https://www.boards.ie/discussion/comment/120898467#Comment_120898467

No, it doesn't.

Nobody knows how much money Farage has in his account, but it's probably a lot more than many people here believe, as well as more than many other Coutts customers.

It suggests that Coutts are weaponising his politics against him, for the sake of closing his account.

Coutts mentioned "commercial viability" but only insofar as it relates to Farage's political views / career to date.

The two are inextricably linked.

Shoog

https://www.boards.ie/discussion/comment/120898451#Comment_120898451

We should pity the man who did this:

"Jewish fury after Ukip's Nigel Farage forms a pact with Holocaust deniers to secure funding from the EU"

https://www.dailymail.co.uk/news/article-2801972/jewish-fury-ukip-s-nigel-farage-forms-pact-holocaust-deniers-secure-funding-eu.html

You'll have to wait till after I finish pitying Hitler and Stalin.

Shoog

https://www.boards.ie/discussion/comment/120898483#Comment_120898483

Farage has freely admitted that he fails to meet their financial limits - end of story.

Quin_Dub

https://www.boards.ie/discussion/comment/120898431#Comment_120898431

Again you miss the point.

It's about publicity and the risk that brings.

I could be the most hateful vile person on Earth and Coutts will happily give me an account if I have enough money.

As long as I'm not sharing those views in public all the time, I'm not putting Coutts at risk so they don't care.

So, again - The bank don't care about your politics , they care about the risk your politics might bring to them if you talk about them in public all the time and people know you have an account with them.

Also - They didn't "issue a dossier outlining his political views".

They had an internal document tracking his risk profile which they provided to Farage who then decided to publish it.

Coutts haven't published anything.

Quin_Dub

https://www.boards.ie/discussion/comment/120898483#Comment_120898483

Coutts mentioned "commercial viability" but only insofar as it relates to Farage's political views / career to date.

The two are inextricably linked.

Of course they are "linked" - His political views are his primary source of income so the public perception of those views and their "marketability" are absolutely core to his "commercial viability".

His political views are his "product" , if no one wants to buy his product anymore or if his product has a really bad public reputation/perception then that absolutely impacts his ability to make money from his one and only product.

So tracking how his views are perceived by the public makes absolute sense from a commercial perspective.

https://www.boards.ie/discussion/comment/120898581#Comment_120898581

Perceived by some elements of the public.

And no, perception is not reality.

Danzy

https://www.boards.ie/discussion/comment/120898643#Comment_120898643

Then reality is itself suspect and reactionary.

£600 million wiped off NatWest stock market value after this scandal, which shows no sign of abating.

Shoog

https://www.boards.ie/discussion/comment/120898695#Comment_120898695

Farage destroys another national institution.... but fails to regain his Coutts account.