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Farage in 2018. In June 2023, the private bank Coutts closed the account held by the British politician and broadcaster Nigel Farage, triggering controversy. NatWest, the owner of Coutts, initially claimed that he failed to meet the Coutts eligibility criteria of holding £1,000,000 or more in his account, following the expiry of his mortgage.
From January 2003, the company relaunched as 'The One account' when The Royal Bank of Scotland took a majority shareholding, becoming an RBS mortgage brand along with NatWest and First Active. The One account is operated directly by phone, internet and post, with the customer service originally being provided on a 24/365 basis, but has since ...
NatWest Group’s decision to shut down Nigel Farage’s Coutts account showed “serious failings” in its treatment of the politician, an independent investigation has found.
Farage said he was then refused personal and business accounts at seven other UK banks. [285] When pressed by Farage to reveal why, NatWest said that he failed to meet the Coutts eligibility criteria as he did not hold £1,000,000 or more in his account following the expiry of his mortgage. [287] The story was picked up by the UK press.
Nigel Farage has said he is considering suing Coutts' owner NatWest after his bank account was closed, sparking a major row over free speech and interventions from the top of government.. The arch ...
Farage, a right-wing talk show presenter and former leader of the pro-Brexit U.K. Independence Party, said his account with the private bank Coutts, owned by NatWest Group, had been shut down ...
NatWest is considered one of the Big Four clearing banks in the UK, [5] [6] and it has a large network of over 526 branches [7] and 3,400 cash machines across Great Britain and offers 24-hour Actionline telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,000 small business accounts.
The "good bank" was Northern Rock plc, which was responsible for holding and servicing all pre-existing customer savings accounts and some pre-existing mortgage accounts. Northern Rock plc received additional capital of £1.4 billion of equity from the UK government. The strategy was to prepare the bank for sale into the private sector.
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