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https://youtu.be/B9IrNcv_OdM https://youtu.be/B9IrNcv_OdM Nigel Farage brought a lot of attention to the Debanking scandal

• pipes 3y ago
  And the regulator pretty much said it is all fine, nothing to see here!
  • raincom 3y ago
    The regulator didn't go through Nigel's case at all, as 'it is understood that the data does not cover his case, given that the bank never followed through with the closure' [1]. What FCA found that banks never debanked people based primarily on political beliefs[1]. However, Banks can use political beliefs secondarily to debank, and that's what Natwest did. Nagel sought documents from Natwest using Subject Access Request, there it is "found that an internal committee had deemed his views did not align with the bank's own. This formed part of the basis for cutting him, the document showed, alongside commercial considerations." [2] [1] https://www.theguardian.com/business/2023/sep/19/nigel-farage-fca-review-coutts-politicians-debanked-no-evidence https://www.theguardian.com/business/2023/sep/19/nigel-farag... [2] https://www.reuters.com/business/finance/natwest-meets-quarterly-profit-forecast-amid-farage-debanking-row-2023-10-27/ https://www.reuters.com/business/finance/natwest-meets-quart...
    • pipes 3y ago
      Interesting, then what was their primary reason for debanking him?