Andy McDandy wrote: ↑Wed Jul 19, 2023 5:09 pm No logos, nothing you couldn't knock up in Word.I'll file this alongside the Hitler Diaries until evidence of credibility is presented.
Coutts bank has said it does not close customer accounts "solely on the basis of legally held political and personal views" as it came under heavy criticism for terminating its relationship with Nigel Farage.
A number of Conservatives publicly criticised the bank after the former Brexit Party leader claimed his account was closed down because his views did not align with the firm's "values".
In light of the row, the Treasury is preparing to force banks to give customers three months' notice of account closures and to provide a full explanation.
Banks also face losing their licences if they close accounts because they do not agree with a customer's political beliefs, amid concerns over free speech.
In a new statement issued on Thursday, a Coutts spokesperson acknowledged the "substantial interest" in the Farage case but said it could not comment in detail because of customer confidentiality obligations.
However, they stressed "it is not Coutts' policy to close customer accounts solely on the basis of legally held political and personal views".
"Decisions to close an account are not taken lightly and involve a number of factors including commercial viability, reputational considerations, and legal and regulatory requirements," they said.
"We recognise the critical importance of access to banking. When it became clear that our client was unable to secure banking facilities elsewhere, and as he has confirmed publicly, he was offered alternative banking facilities with NatWest. That offer stands.
"We understand the public concern that the processes for ending a customer relationship, and how that is communicated, are not sufficiently transparent."
They added: "We welcome the anticipated HM Treasury recommendations in this area, alongside the ask to prioritise the review of the regulatory rules relating to politically exposed persons.
"We look forward to working with government, the regulator and the wider industry to ensure that universal access to banking is maintained."
It ain't personal, it's just business.
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