• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 21st, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Brexit Party leader Nigel Farage speaks as people celebrate in Parliament Square on Brexit day in London, Britain January 31, 2020. Simon Dawson
Brexit Party leader Nigel Farage speaks as people celebrate in Parliament Square on Brexit day in London, Britain January 31, 2020. Simon Dawson
Home
World
United Kingdom

Farage makes fresh allegations against UK's Coutts over account closures

July 19th, 2023 | 08:53 AM WORLD United Kingdom 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Harry and Meghan to return to the press 'lion's den' they sought to escape
UK statistics office revises up 2023 and 2024 growth estimates
FTSE 100 falls as JD Sports tumbles on forecast cut
Sterling hits six-month high against fading dollar
By Reuters

Former Brexit Party leader Nigel Farage said he has obtained documents that show his accounts with the private bank Coutts, a unit of taxpayer-backed bank NatWest Group (NWG.L), were being closed primarily for political reasons.

In a video posted on Twitter on Tuesday, Farage said he received a 40-page document from Coutts after filing a "subject access request" with the bank, to learn more about its rationale for proposing to shutter the accounts.

Reuters previously reported that Coutts was closing Farage's accounts mainly for commercial reasons, citing a source familiar with the matter.

The BBC previously reported Farage had fallen below the financial threshold required to be a customer of the private bank - something Farage said he had had no knowledge of.

Farage said "Brexit", "Russia" and "Donald Trump" were mentioned multiple times in the documents and that the bank said "the client's [Farage's] financial position is now sufficient to retain on a commercial basis".

Reuters has not independently seen nor verified the documents cited by Farage but a report published by Britain's Daily Telegraph said the documents showed Coutts had decided that Farage's views did "not align" with the bank's values.

A Coutts spokesperson told Reuters that its ability to respond to Farage's fresh claims were restricted by obligations to protect client confidentiality.

"Decisions to close accounts are not taken lightly and take into account a number of factors including commercial viability, reputational considerations, and legal and regulatory requirements," the spokesperson said.

"As the client has previously confirmed, alternative banking arrangements have been offered within the wider group."

Farage told Reuters the issue "raises very broad questions about our banks and how deeply political they have become."

"A lot of people in prominent political roles will be scratching their heads and thinking will I be next?," he said.

Farage previously said he believed it was because he was deemed a "politically exposed person" (PEP), meaning banks have to apply additional scrutiny to accounts.

The government has said it is looking into concerns that banks are blocking customers over their political views and has said it passed legislation to make PEP rules less onerous, but they have yet to come into force.

  • Topic
  • NATWEST
  • FARAGE/ (PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Harry and Meghan to return to the press 'lion's den' they sought to escape

Related Posts

United Kingdom
August 20th, 2026

Harry and Meghan to return to the press 'lion's den' they sought to esca...

United Kingdom
August 20th, 2026

UK statistics office revises up 2023 and 2024 growth estimates

United Kingdom
August 20th, 2026

FTSE 100 falls as JD Sports tumbles on forecast cut

United Kingdom
August 20th, 2026

Sterling hits six-month high against fading dollar

United Kingdom
August 20th, 2026

UK factory orders show best performance since November 2024, CBI survey ...

United Kingdom
August 20th, 2026

Prince Harry and Meghan to move back to Britain

The Wire
Aug 20th 6 h ago
Formula 1

TWG Global says Cadillac F1 team and motorsport interests n...

Aug 20th 6 h ago
Soccer

Carrick praises Rashford's revival as Manchester United eye...

Aug 20th 6 h ago
Tennis

Alcaraz confirms US Open return after four-month injury lay...

Aug 20th 7 h ago
Asia Pacific

UN says two staff members detained in Afghanistan have been...

Aug 20th 7 h ago
Sports

Jets' Woody Johnson buys minority stake in Aston Martin F1 ...

TRENDING ON FINANCETIME
Aug 20th, 2026 Transactional

Carlyle-backed YipitData explores $2.5 billion-plus sale, sources say

Aug 20th, 2026 Sports

Blue Jays' Vladimir Guerrero Jr. (concussion) on rehab assignment

Aug 20th, 2026 Business

US Treasury buyback briefly eases bond rout, but debt worries persist

Aug 20th, 2026 Sports

Colts TE Tyler Warren (groin) to miss one week

Aug 20th, 2026 Cricket

Bangladesh Premier League will not take place this season, says BCB president

Markets-Sectors
TECHNOLOGY -0.29%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT