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

About the time it was decided Nigel Farage had his bank account closed because of his political views. That would be an assumption of the bank's guilt.

It’s not a criminal case, the presumption of innocence doesn’t apply.

Each bank will have its own threshold for doing business with someone, their own tolerance for risk. They will also have far more information than us publicly available on that persons banking history.

He doesn’t have had to do anything criminally wrong for a bank to decide to cease their relationship. As others have said, it may not be worth the extra overhead for the amount he brings in. They may have questions about his source of funding etc.

So looking at it in a way that Farage is innocent because there’s no visible evidence to the contrary and has therefore been persecuted is misguided.

All we can really say with what we know is that Farage has incorrectly blamed the bank for political persecution.

If Farage was a good advert for sound finances, given his background in investments, many banks would take him for the cudos he would bring. After all been a bit a fascist twat has never been a reason for the banking sector to discriminate in the past. It really should tell you everything you need to know that they have refused his business. Me thinks the boy protests to much.

Its also interesting that those rabid advocates of capitalism red in tooth and claw seem unable to grasp the one fundamental right that business do have - to pick and choose their customers within the limits of the law. Maybe the banks just don't like Farage and what he represents 😂

You seem to be the only one banging on about Russian money here.

Its seems that the oily oink is just not useful anymore and so his backers are dumping him like a bad smell.

Exactly, can’t stand Farage but it’s obviously a smear campaign. The same happened to Marine Le Pen a few years ago who had ‘links’ to a Russian bank when it turned out she got a loan from a Czech (EU) bank that had ‘links’ to a Russian bank.

The double standards and hypocrisy is to be expected though.

https://www.investigate-europe.eu/en/2022/londongrad-a-citys-addiction-to-russian-oligarchs-and-easy-money/

Again, it does not actually prove that he is or isn't "wealthy" enough; it just shows that there is possibly more leeway given to other customers. The reason why is of interest (though, I'd be interested in knowing whether those customers who don't meet the limit threshold are also PEPs).

Also, anyone can send a message saying "I'm with Coutts and I don't have a million pounds in my account". Unless they provide a real-time screenshot of their bank statement then you have to take such claims with a pinch of salt.

The only way we'll ever get to the bottom of this story is if Coutts release the information regarding their reasoning. Frankly, it's a dangerous precedent to go around sharing private bank details with the media just because its a person of public interest so I imagine the only way there'll be any confirmation is through a court case or some other legal avenue.

Or Farage could volunteer such information. But it suits his agenda and gets his clapping seals riled up if he just charges on with his political prosecution spiel.

He's played it pretty well: He created a story and someone from Coutts may have leaked info. Now, he can play the victim and cry about privacy and speculation regarding his personal finances when he was the one who brought about all the attention.

He always strikes me as a used car salesman from a 1950's comedy (you know the one).

Probably because this is how he thinks “genuine” people dress, slovenly.

He has no respect for anyone, bar himself (and Putin of course)

The problem is that the right wing has always had a far better understanding of how to use basic psychology to manipulate the public. They know how to push the buttons of people who could barely string a sentence together if not fed it by their propagandists.

The left has been far to timid in using the same tactics to manipulate the public, a good idea can never compete against a catchy slogan. Fortunately as a whole (and despite what many people believe) people are getting better informed and generally more reasonable so the only way to attack them is to accuse them of been "woke", a nebulus term of attack. The age at which people switch to conservative beliefs has now slipped into the late fifties - which is why the right has decided that the only way to win hearts and minds is with their whole culture wars bullshit. Its a losing battle and only by gerrymandering and sheer weight of grey vote numbers are they holding onto power. It shocks me every time venture back to the UK to see the geratric age profile of the population - if you want to understand why Farage is so popular in the UK that is your answer.