"Banking Controversy: Farage, Coutts, and the Hypocrisy Unveiled"

1 min read
Source: BBC
"Banking Controversy: Farage, Coutts, and the Hypocrisy Unveiled"
Photo: BBC
TL;DR Summary

The UK Treasury has called a meeting with bank bosses to discuss account closures following the controversy between Nigel Farage and NatWest. The government is concerned about claims that accounts are being closed due to individuals' political views. NatWest CEO Dame Alison Rose has apologized to Farage, who believes his account at Coutts was closed because of his views. The government plans to introduce stricter rules for bank closures, including providing a 90-day notice period and requiring banks to explain their reasons for closure. The Treasury's response comes after allegations of "client de-banking" raised significant concern in Parliament.

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