Should firms be worried about Nigel Farage’s hope for a ‘debanking’ class action? November 15, 2023 Complaints about bank account closures have surged this year, according to the latest figures from the Financial Ombudsman.
Surge in ‘debanking’ complaints following Farage-Natwest scandal November 8, 2023 Complaints about bank account closures have surged this year, new figures reveal, as the sector comes under scrutiny following the 'debanking' scandal involving Natwest and Nigel Farage.
70 per cent of Tory members think Nigel Farage should be able to join, poll finds November 6, 2023 Almost three quarters of Conservative members say Nigel Farage should be allowed to join the party if he wishes to, according to a ConservativeHome poll.
FCA spends more than £250,000 on ‘debanking’ inquiry amid Natwest scandal November 2, 2023 The FCA has spent £250,000 on its “debanking” inquiry, as Natwest faces criticism over the closure of Nigel Farage’s Coutts account.
Ex-Natwest boss Alison Rose breached data rules in Farage debanking scandal October 25, 2023 Former Natwest chief executive Dame Alison Rose breached data protection rules during the Nigel Farage debanking scandal, the UK's data privacy watchdog has confirmed.
‘My banking issues are now over’: Brexit leader Nigel Farage announces new account with Lloyds October 13, 2023 Today, Farage took to X and wrote: "After being refused banking facilities by ten other banks, my banking issues are now over."
Farage debanking an outlier, reckons City watchdog’s investigation September 19, 2023 The bosses of both Coutts and Natwest quit after Nigel Farage was ‘debanked’ but an FCA report is expected to say it is not usual practice
Dame Alison Rose: Ex NatWest boss handed £2.4m pay package August 23, 2023 Former NatWest boss Dame Alison Rose’s pay package – reportedly £2.4m – has been branded a “sick joke” by Nigel Farage. Dame Alison quit her high-profile role as boss of NatWest, which also owns private bank Coutts over her handling of Farage’s account closure – which sparked a ‘debanking’ scandal. NatWest Group issued an RNS [...]
British firms face ‘debanking’ for trading with Ukraine, business leaders warn August 16, 2023 UK businesses reportedly face being ‘debanked’ over trading relationships with Ukraine, business leaders have warned. Firms are increasingly “afraid to trade with Ukraine from the UK” due to the risk of having their accounts forcibly closed by overly risk-averse financial institutions, it has been claimed. According to Politico, both the British-Ukrainian Business Council (BUBC) and [...]
Financial watchdog to ask MPs about debanking experiences August 15, 2023 British politicians are to be asked to reveal whether they have encountered problems or faced being “debanked”, as part of an inquiry by the UK’s financial watchdog. The Financial Conduct Authority (FCA) said it is looking into the rules surrounding politically exposed persons (PEPs), which includes MPs. The regime was thrust into the spotlight after [...]