Nigel Farage de-banking scandal as Head of NatWest resigns

A very interesting story from the UK with serious consequences for everyone else around the world. Another huge blow to the woke ideology.

Nigel Farage, the former UKip Leader who is well known for his role in Brexit, was de-banked for his political views and had his account closed at Coutts, a bank of the NatWest Group, because of the incomparability of his beliefs with Coutts that sees itself as an inclusive organisation.


The BBC has apologised to Nigel Farage after misreporting his account was closed because he didn't have enough funds! Which was false as there was no evidence for such claim

www.bbc.co.uk...

The information on which we based our reporting on Nigel Farage and his bank accounts came from a trusted and senior source. However the information turned out to be incomplete and inaccurate. Therefore I would like to apologise to Mr Farage.

Alison Ross the Chief Executive of NatWest is considered to be the BBC source. Alison Ross has now resigned and there are calls for the rest of the board to resigned too.

www.dailymail.co.uk... oard-ministers-read-riot-act-banks-woke-culture.html

NatWest carnage as shares plunge 3% after boss Alison Rose is forced to quit over Nigel Farage 'de-banking' scandal - with calls for the rest of the board to go - while ministers read the riot act to other banks on 'woke' culture

NatWest is engulfed in a full-blown crisis today after its chief executive was forced to quit over briefing the BBC about Nigel Farage's 'debanking'.

Shares have plunged by 3 per cent, wiping hundreds of millions of pounds off the group's value, amid calls for the whole board to go over the scandal.

Dame Alison Rose initially tried to cling on to her £5million-a-year ($6.5 million) post despite dramatically admitting she was behind the leaking of a customer's financial details.

But she finally fell on her sword in the early hours of the morning following an extraordinary intervention from the PM and Chancellor, who made clear their 'significant concerns'. The taxpayer still has a big stake in NatWest following the Credit Crunch.

The Prime Minister of the UK has intervened, together with other politicians, and rightfully so in my opinion.

For the rest of us all over the world the decision to regulate the banks is extremely important. Having a bank account is essential. Since when banks have the right to close accounts based on the customer's political views, beliefs, and opinions. They have no right and anyone in a similar position: Name-shame and sue them!

What if you don't have the 'right' views?! You can get de-banked because you

Support Brexit
Support Trump
Are a Christian Conservative
Believe the election was stolen
Don't think a man can become a woman
Think vaccines can cause disease and death
Believe whatever else 'deemed' controversial


A win for freedom of expression and a win for democracy. Just imagine you have your account closed because the bank believes you are not on the 'right' ideological path. NatWest seems to be on the path of Bud Light and Ben & Jerry's.

a reply to: AlienBorg
In the wake of this that started a couple of weeks ago, he has also been turned down by 11 other banks.
He's not the only one as other people are coming forward with names of other banks that have done the same to them.
One charity had its PayPal account closed and their funds seized late last year simply because they believed children should be going to school during the lockdowns.
Rainbows
Jane

originally posted by: angelchemuel
a reply to: AlienBorg
In the wake of this that started a couple of weeks ago, he has also been turned down by 11 other banks.
He's not the only one as other people are coming forward with names of other banks that have done the same to them.
One charity had its PayPal account closed and their funds seized late last year simply because they believed children should be going to school during the lockdowns.
Rainbows
Jane

I know!

Turned down by other banks on the basis of...his political views!

a reply to: AlienBorg

worth pondering as part of the corporation the banks themselves rejected supporting a second vote on brexit.. and are in effect profiting from it.

so it begs the question wtf is happening here.. are they trying to sink britcoin before it even gets off the ground..

the number of rules broken here is staggering, from dpa all the way across the fsa and even the rules of governing bodies..

a reply to: AlienBorg

Been watching events unfold with popcorn in hand , Coutts dug a hole for themselves and Alison Rose jumped right on in it , brilliant !

Banks have had it easy for far to long , they've forgotten it's the customer who is king not them.

Dame Alison Rose initially tried to cling on to her £5million-a-year

The idiocy of briefing the media regarding a customer hardly seems to merit that fat pay check.

First Farage and now the next big thing today:

Actor Kevin Spacey acquitted in sexual assault trial.

does anybody else feel that today is a good day for real justice?

Yeah, METOO!!!

a reply to: gortex

the particular irony in this case is the banks rejected a second referendum under the premise that they needed to earn public trust post bailouts.. and through that lens i do wonder wtf is going on here..

for alison this also falls foul of SM&CR without that she'll never get a senior finance role in the uk.. so unless this was for an external player she'll be joining Ratner..

speaking of ratner moments this will be the taught example of the worst case Subject Access Request possible.. it'll live on in infamy like ratner... but then we are talking of natwest here..

Worth remembering we sort of own a part of Gnat West after the Govt bailed them out and became a shareholder.

What a wunch of bankers.

originally posted by: Oldcarpy2
Worth remembering we sort of own a part of Gnat West after the Govt bailed them out and became a shareholder.

What a wunch of bankers.

Hehe

originally posted by: gortex
a reply to: AlienBorg

Been watching events unfold with popcorn in hand , Coutts dug a hole for themselves and Alison Rose jumped right on in it , brilliant !

Banks have had it easy for far to long , they've forgotten it's the customer who is king not them.

Dame Alison Rose initially tried to cling on to her £5million-a-year

The idiocy of briefing the media regarding a customer hardly seems to merit that fat pay check.

The case is very serious for the rest of us as I said in my OP.

Imagine you get de-banked for having the wrong political views?! You can't do anything in today's society without a bank account.

People must be protected and it should be made an offence (illegal), punishable by law and with big fines against the banks that try to push ordinary citizens to hardship.

originally posted by: Oldcarpy2
Worth remembering we sort of own a part of Gnat West after the Govt bailed them out and became a shareholder.

What a wunch of bankers.

got to wonder not just where alison breached sm&cr but also the entire board..

Senior Managers and Certification Regime

The Senior Managers and Certification Regime (SM&CR) aims to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence.

this'll go down as an example of what not to do, but then it is natwest and this is who the are..

a reply to: DerBeobachter

TANJ. "There Ain't No Justice."

a reply to: nickyw

I think this episode is a symptom of the greater problem in the banking system , not passing on rate rises to customers , closing branches , removing ATMs and a myriad of other problems with their current model are ignored or payed lip service too by both the regulator and government because the banks have us by our swingers , in that much of British GDP (about 10%) is from the financial sector.

originally posted by: AlienBorg

originally posted by: gortex
a reply to: AlienBorg

Been watching events unfold with popcorn in hand , Coutts dug a hole for themselves and Alison Rose jumped right on in it , brilliant !

Banks have had it easy for far to long , they've forgotten it's the customer who is king not them.

Dame Alison Rose initially tried to cling on to her £5million-a-year

The idiocy of briefing the media regarding a customer hardly seems to merit that fat pay check.

The case is very serious for the rest of us as I said in my OP.

Imagine you get de-banked for having the wrong political views?! You can't do anything in today's society without a bank account.

People must be protected and it should be made an offence (illegal), punishable by law and with big fines against the banks that try to push ordinary citizens to hardship.

it's fascinating just how badly they F*cked up with this one breaching all the different regs and rules, certainly setting in motion a process to make this kind of thing illegal.

originally posted by: gortex
a reply to: nickyw

I think this episode is a symptom of the greater problem in the banking system , not passing on rate rises to customers , closing branches , removing ATMs and a myriad of other problems with their current model are ignored or payed lip service too by both the regulator and government because the banks have us by our swingers , in that much of British GDP (about 10%) is from the financial sector.

completely agree, post 200/8 crash i was meant to be part of a tiger team to fix one of the big us firms but walked out as it was all just lip service to kick the can.. getting out of the corporate world was the best thing i ever did but it was with the knowledge we'll be paying for not fixing the issues at a later date.. that date feels like its fast approaching..

i like to liken johnson to henry8 as they both like feasting, f*cking, fighting and cheap money... the cheap money will cost us most.

I wonder how this would have played out if it occurred in the US. I am unsure how the courts have viewed a business's right to conduct business based on the beliefs of the organization. In the US the courts have twice decided (the baker and the website designer) that business's can refuse to do business with someone if their beliefs contradict that of the customers. Would that also apply to banks?

originally posted by: CanadianLoudMouth
I wonder how this would have played out if it occurred in the US. I am unsure how the courts have viewed a business's right to conduct business based on the beliefs of the organization. In the US the courts have twice decided (the baker and the website designer) that business's can refuse to do business with someone if their beliefs contradict that of the customers. Would that also apply to banks?

No.

originally posted by: CanadianLoudMouth
I wonder how this would have played out if it occurred in the US. I am unsure how the courts have viewed a business's right to conduct business based on the beliefs of the organization. In the US the courts have twice decided (the baker and the website designer) that business's can refuse to do business with someone if their beliefs contradict that of the customers. Would that also apply to banks?

while similar common law, the weighting is actually quite different which is where a lot of us corporates struggle as they have to implement different rules as contract law is not weighted in their favour as it is in the usa,

a simple one is the cake if you take the deposit in england you're then in breach contract if you then refuse to make said cake.. not taking the deposit is key to the refusal.. equally banks are guided by contracts so they'll be in breach of their contract with farrage. they should never have accepted him as a customer as they'll not have had a contact with him to breach.. and they should not have fulfilled his sar or admit to misleading the media.. its contract breach on contract breach

originally posted by: nickyw

originally posted by: AlienBorg

originally posted by: gortex
a reply to: AlienBorg

Been watching events unfold with popcorn in hand , Coutts dug a hole for themselves and Alison Rose jumped right on in it , brilliant !

Banks have had it easy for far to long , they've forgotten it's the customer who is king not them.

Dame Alison Rose initially tried to cling on to her £5million-a-year

The idiocy of briefing the media regarding a customer hardly seems to merit that fat pay check.

The case is very serious for the rest of us as I said in my OP.

Imagine you get de-banked for having the wrong political views?! You can't do anything in today's society without a bank account.

People must be protected and it should be made an offence (illegal), punishable by law and with big fines against the banks that try to push ordinary citizens to hardship.

it's fascinating just how badly they F*cked up with this one breaching all the different regs and rules, certainly setting in motion a process to make this kind of thing illegal.

It looks like thousands of your compatriots have had their accounts closed because they had the wrong 'ideas and views'.

This is a scandal.
So, name-shame-sue

a reply to: AlienBorg

No matter what you may think of Farage... this is a win for the 'Normal' people in Society!

Very wrong of the banks to have a say in how a person should think... if they are to open an account or already have an account and are depositing money on a regular.

And that Woman... woke BBC source... so... what to expect?

It's no business of any Business what someone's Political views are...

Tha same can be said for Conspiracy Theorists... David Icke should be able to Travel around the World doing his Tours and speaking to the public... he cant even go on holiday to many places (even if he has no intention of giving one of his speeches).