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

McFly85

https://www.boards.ie/discussion/comment/120925506#Comment_120925506

Where’s the proof the mortgage was a ruse?

Naturally the dossier on his controversial public opinions is longer than the financial ones - he has a long history of them, and it doesn’t take too long to say he’s not worth enough money to us once this mortgage completes.

This is just you disregarding what you don’t like to push your own narrative that it was his political opinions and nothing else.

Quin_Dub

https://www.boards.ie/discussion/comment/120925506#Comment_120925506

You really don't know what the word "debunked" means , do you?

Farage WAS (and still is) too poor to hold an account with Coutts AND he's a horrible twat that carries significant reputational risk with him everywhere he goes.

BOTH of those things are absolute fact.

Him getting his account back with Coutts does not mean that he now has enough money , they just hope it will make him stop screaming on TV.

https://www.boards.ie/discussion/comment/120925534#Comment_120925534

This canard about "why did they have 40 pages about his political opinions!!" is just ridiculous.

Because that is his job - To give his political opinions and to amplify right wing talking points"

If he was a property developer there would be 40 pages detailing all the properties he owns and the risks they carry.

https://www.boards.ie/discussion/comment/120925506#Comment_120925506

That is your opinion - which is worth nothing to me.

astrofool

https://www.boards.ie/discussion/comment/120925506#Comment_120925506

The end of the mortgage meant he dropped below the threshold for keeping the account, he had many months and multiple rejections from other banks to remedy this but didn't, this is a fact you cannot run away from. He was not de-banked.

The pages was the data they kept on farage, they supplied it as they are required to. Nowhere does it say that the reason he lost his account was that data. The fact they think he is an odious racist and xenophobic individual is neither here nor there, they still provided banking services to him knowing this. They will have far more odious individuals on their books that didn't lose their bank account.

You cannot continually run away from these facts rapidash and contribute effectively to the thread, you're just washing yourself in excrement trying to ignore it.

Overheal

https://www.boards.ie/discussion/comment/120925506#Comment_120925506

You keep calling it a lie but it’s literally proven there. He didn’t have enough money with them and they didn’t feel inclined to extend the piece of **** a new mortgage which they have every right to. You aren’t entitled to someone else’s credit.

growleaves

https://www.boards.ie/discussion/comment/120925474#Comment_120925474

Look at what has actually happened:

Coutts' reputation has been harmed because they dropped Farage and because Farage is popular.

The "reputational risk" they identified only exists theoretically within a closed circle of self-referential ideology.

In a society in which people are free to decide their own political opinions, saying one set of opinions is harmful to an institution's reputation creates a highly tendentious political test.

Since I cannot opt-out of banking, and advocates of cashlessness want to create ever more total dependence on banking, it is not acceptable for any bank to do this and its foolish for any who isn't super-wealthy or super-powerful to go along with it even a little.

Ordinary people should see past their dislike of a charmless politician to their own interests.

https://www.boards.ie/discussion/comment/120925609#Comment_120925609

None of this applies to you since you are not a Coutts customer, you will likely never qualify for a Coutts account unless you win the lottery. Its simply a hysterical over reaction on your part to a wealthy twat not been as wealthy as he would like to imply. The coming and going of the super elite are nothing to do with your rights or access to banking.

You have picked the wrong hobby horse to ride. Its like expecting the King to buddy up with Farage because his popular with 17.5Million racist twats.

McFly85

https://www.boards.ie/discussion/comment/120925609#Comment_120925609

Coutts reputation has been harmed because the CEO of NatWest shared customer information with a journalist. That should have never happened and the fact that it was the person at the very top was surprising. But the people involved have been removed which is the correct thing to do.

Now the new person has come in and decided that the quickest way to move this on from the news cycle is to give him back his account, he’s not getting it back because the original decision was incorrect or unlawful.

Quin_Dub

There are probably a bunch of people that had never heard of Coutts before and would never be allowed have an account there anyway that think they are terrible , but I would imagine that Coutts reputation among the people that might actually be capable of doing business with Coutts is pretty much un-damaged.

They might have some concerns about their Private info being discussed ,but that has been assuaged by Rose resigning.

And that is the only reason she resigned , closing Farages account wasn't the reason she left.

Rose was stupid and paid a heavy price. I doubt she will be on the dole for long though.

Heres a clarifying question, can anyone provide a shred of evidence that anyone has been refused a high street bank account because of their political views ??

https://www.boards.ie/discussion/comment/120925699#Comment_120925699

Alison Rose lied to the BBC journalist. It wasn't just her leak, but the nature of her leak. Rose deliberately omitted the political dimension of Farage's account closure. Rose only wanted the scandal framed from a purely financial perspective.

If you were to put yourself in Rose's shoes for a second, what possible reason would Rose have to do that?

growleaves

https://www.boards.ie/discussion/comment/120925699#Comment_120925699

Rishi Sunak seemed put out by Coutt's actions, as might other wealthy Tories.

https://www.boards.ie/discussion/comment/120926001#Comment_120926001

Wealthy Tories will be the people who block any change to the license's of boutique banks. They value their exclusive banking services more than appearing to be doing the right thing. it would look bad if Sunak didn't row in - but he will kick it into the long grass and Nige will lose interest since he got what he wanted.

The Tories loath the little oink Farage and they are going to loath him even more after this.

Quin_Dub

https://www.boards.ie/discussion/comment/120925970#Comment_120925970

She said she thought that the information was already in the public domain - Presumably meaning the document that Farage released but that wasn't the case at the time she spoke to the Journalist.

Given that we don't know the exact content of the discussion we cannot know whether she explicitly denied that there were other factors involved or whether the Journalist simply decided to focus on the financial element.

Neither have said they "lied" but both have admitted to releasing "incomplete" information.

Overheal

https://www.boards.ie/discussion/comment/120925970#Comment_120925970

No she quit because she’s shared client info directly with the press.

Quin_Dub

https://www.boards.ie/discussion/comment/120926106#Comment_120926106

They'll tweak the PEP rules to be seen to have done something but nothing will change for regular people finding it hard to open bank accounts for various reasons - None of which are because of their politics.

https://www.boards.ie/discussion/comment/120926202#Comment_120926202

Absolute nonsense.

Funny how you suddenly become sceptical about intentions with Alison Rose, but have no problem making statements of certitude regarding Farage without any evidence to back those claims up.

To everyone else, it's conspicuous that Rose leaked the financial angle as a means of covering up the political angle. She lied to the BBC and Farage's subsequent SAR exposed her dishonest and iniquitous behaviour.

Overheal

https://www.boards.ie/discussion/comment/120926253#Comment_120926253

Funny how you suddenly become sceptical about intentions with Nigel Farage with a Nigel Farage Avatar, but have no problem making statements of certitude regarding Allison Rose without any evidence to back those claims up.

To everyone else, it's conspicuous that Farage leaked the political angle as a means of covering up the financial angle. He lied to the everyone and Farage's dossier exposed his dishonesty and iniquitous behaviour.

https://www.boards.ie/discussion/comment/120926263#Comment_120926263

Rose lied. She got fired for it.

That's a pretty bad attempt at a gotcha.

Overheal

https://www.boards.ie/discussion/comment/120926265#Comment_120926265

Nigel Lied. He got kicked out of government. That’s an atrocious attempt at a gotcha.

BattleCorp

https://www.boards.ie/discussion/comment/120926216#Comment_120926216

Why did the other lad leave, Peter Flavel?

Overheal

https://www.boards.ie/discussion/comment/120926277#Comment_120926277

What do reports say? I’m not a journalist.

https://www.boards.ie/discussion/comment/120926274#Comment_120926274

Nigel Farage was never in government.

https://www.boards.ie/discussion/comment/120926284#Comment_120926284

Funny that. He tried though didn't he.

BattleCorp

https://www.boards.ie/discussion/comment/120926282#Comment_120926282

Here's what Flavel said himself.

In his resignation statement, Flavel said: “In the handling of Mr Farage’s case we have fallen below the bank’s high standards of personal service. As CEO of Coutts it is right that I bear ultimate responsibility for this, which is why I am stepping down.”

I wonder what he did wrong when handling Farage's case?

Edit. Now that I think about it, if Flavel says the bank has fallen below the bank's high standards of personal service, that personal service must mean their service to Nigel Farage. Looks to me like they are admitting a wrongdoing to Nigel Farage in that statement.

https://www.boards.ie/discussion/comment/120926301#Comment_120926301

Oversight.

BattleCorp

https://www.boards.ie/discussion/comment/120926322#Comment_120926322

Explain please.

Quin_Dub

https://www.boards.ie/discussion/comment/120926253#Comment_120926253

I'm not "sceptical" about her intentions , I have no opinion, other than she was wrong to discuss customer information that was at that time still private.

When challenged about it , she said she thought that the information she provided was already in the public domain - It wasn't, so she made an error and has paid the price.

Farages publication of the document confirmed that he did not have enough funds to maintain an account with Coutts , it also showed that they felt that his public activities which happen to all be political in nature, represented a reputational risk to the bank.

It is absolutely factually accurate to say "Nigel Farage doesn't have enough money to meet Coutts Financial requirements and we made a Commercial decision to close his account".

It is however incomplete information to not have provided the underlying additional reasons for the "commercial decision" which is that his public behaviours represented a reputational and thereby a commercial risk to the bank.

She shouldn't have given ANY information to the Journalist but the information she gave was not wrong , it was incomplete - It would have been worse had she given all the details to the Journalist to be honest. That would have been an even larger breach of customer privacy.

All this pearl clutching about "lies" and "dishonesty" and "iniquitous behaviour" is more than a little over the top to be honest.

Quin_Dub

https://www.boards.ie/discussion/comment/120926301#Comment_120926301

They were wrong to make the information available and the language used in the document wasn't great.

Not wrong , but poorly worded and lacking "polish" for the want of a better term.

I also think they failed in not responding promptly to Farage and giving him the details/reasoning behind the decision to close the account etc.

Farage talked about not getting a reply to a number of requests for information.

In my view they handled the process badly , not the underlying decision.

Had they handled the communications better they could have avoided Farages public melt-down and catastrophizing.

https://www.boards.ie/discussion/comment/120926326#Comment_120926326

Its his job to ensure that the contravercies like this do not happen on his watch. He is supposed to know what is happening in all departments at all times by ensuring adequate reporting and monitoring is taking place. I would imagine that on review of the dossier he would have considered its tone unprofessional and that if made public would reflect badly on the bank. I doubt he would have disagreed with the decision though.