| Nigel Farage on 14:16 - Jul 19 with 3561 views | ArnoldMoorhen |
| Nigel Farage on 13:17 - Jul 19 by DanTheMan |
From part of the full documents in an email exchange.
I wanted to make you aware of a commercial exit decision we have made on the account of Nigel Farage. The relationship has been below commercial criteria for some time and upon review of Nigel's past public profile and connections, the perceived risks for the future weighed against the benefits of retention, the decision was taken to exit upon repayment of an existing mortgage.
Worth taking into consideration.
Just to add on here, this is basically what I had written in the other thread. A risk committee has probably looked at how much he brings in vs. potential damage caused by the relationship between the two and decided it's not worth it. This is fairly standard stuff in the investing world or high-value clients which all of Coutts people will be. That's not to say that Coutts will soon be kicking out all people who have dodgy views or money, just that those people will be giving Coutts enough money to help their risk committee sleep at night. [Post edited 19 Jul 2023 14:16]
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The key word in there, that some people in the thread seem to want to ignore, is:
"connections"
And the other one is "risks"
Some seem to think "connections" means "UKIP/Brexit" but there are other possibilities. |  | |  |
| Nigel Farage on 14:27 - Jul 19 with 3546 views | DanTheMan |
| Nigel Farage on 14:16 - Jul 19 by ArnoldMoorhen |
The key word in there, that some people in the thread seem to want to ignore, is:
"connections"
And the other one is "risks"
Some seem to think "connections" means "UKIP/Brexit" but there are other possibilities. |
Reading through the full documents, I think that "connections" being either UKIP or Brexit is quite frankly nonsense.
https://www.dailymail.co.uk/news/article-12314423/The-Coutts-Farage-dossier-bank
It's very obvious from the documents they've run adverse media checks. This is very standard for even high street investing firms to run as part of KYC, but you would definitely be doing it for anyone who is investing large sums of money. The fact it's being highlighted as strange is fairly funny.
https://onfido.com/blog/adverse-media-screening/
Anyway, the connections they are probably talking about are things like RT where he appeared, Alex Jones, Trump etc.
Even then basically the conclusion the risk committee came to is that he's generally low risk despite all the adverse media. The only time they really discussed no longer having him as a customer is when he stopped bringing in money.
This whole thing is a storm in a teacup. |  |
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| Nigel Farage on 15:25 - Jul 19 with 3501 views | jontysnut |
| Nigel Farage on 14:03 - Jul 19 by NthQldITFC |
My heart bleeds... |
I suspect that if I tried to join some of the clubs and organisations of which Farage is still a member I wouldn't get very far. |  | | |
| Nigel Farage on 16:38 - Jul 19 with 3453 views | GeoffSentence |
I love that Farage's position is "See, they got rid of me because everyone thinks I am rascist, xenophobic and a disingenouous grifter, told you so" |  |
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| Nigel Farage on 23:13 - Jul 19 with 3353 views | HARRY10 |
| Nigel Farage on 16:38 - Jul 19 by GeoffSentence |
I love that Farage's position is "See, they got rid of me because everyone thinks I am rascist, xenophobic and a disingenouous grifter, told you so" |
It is a bit much when your bank thinks you are a racist just because to spout racist views.
Me not being too learned, I had to look up the word 'disingenuous' and found this - ' pretending that one knows less about something than one really does.'
Which left me none the wiser in regard to this thought by the bank. What actually is it NF* pretends to know less about ?
Unusual funding of his various businesses, or partys as likes them to be known ? After all, the money is no more than the sum total of the £25 subs devotees pay to him. Surely Coutts cannot think NF is involved with Trumps far right friends, or Trumps other friend Mr VP.
'Grifter', I can well understand. All NF has done is to hustle money where he can (see above). Admittedly some of his expense claims from the EU were a bit wide of the mark, and being the second lowest attendee (the lowest was in long term care in hospital) it might be thought he did not deserve that money. I think his mate the odious stick insect has had something to sa+y about folk getting back behind their desks....................or back in Parliament, eh Mr Rees-Mogg ?
All very mysterious, these (far) righties and their income. My Little Fascist (Yaxley-Lennon) has had numerous questions asked about his source of income, as well
* this is Mr Nigel Farages initials as expressed by Coutts, not the initials of some defunct fascist group, as some might think | | | |
| Nigel Farage on 07:30 - Jul 20 with 3291 views | ElderGrizzly |
| Nigel Farage on 11:21 - Jul 19 by soupytwist |
Especially as Coutts' owners offered him banking facilities with another one of their banks, Nat West.
If Farage were being denied access to banking services it would be wrong, he's just being denied access to the bank he wants to use. As would I be if I rocked up at Coutts with my less than enormous income. |
Ironic he’s annoyed with an organisation “taking back control” and deciding who enters over its ‘threshold’ |  | | |
| Nigel Farage on 08:04 - Jul 20 with 3265 views | Plums |
| Nigel Farage on 14:27 - Jul 19 by DanTheMan |
Reading through the full documents, I think that "connections" being either UKIP or Brexit is quite frankly nonsense.
https://www.dailymail.co.uk/news/article-12314423/The-Coutts-Farage-dossier-bank
It's very obvious from the documents they've run adverse media checks. This is very standard for even high street investing firms to run as part of KYC, but you would definitely be doing it for anyone who is investing large sums of money. The fact it's being highlighted as strange is fairly funny.
https://onfido.com/blog/adverse-media-screening/
Anyway, the connections they are probably talking about are things like RT where he appeared, Alex Jones, Trump etc.
Even then basically the conclusion the risk committee came to is that he's generally low risk despite all the adverse media. The only time they really discussed no longer having him as a customer is when he stopped bringing in money.
This whole thing is a storm in a teacup. |
It's absolutely a storm in a tea cup. In fact, Nigel Irrelevant has been given so much coverage over this, one can only assume it's a classic 'look over there' moment.
Which of course it is, given the allegations and non-coverage of one of his GB News/ Murdoch pals. |  |
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| Nigel Farage on 12:11 - Jul 20 with 3200 views | GlasgowBlue |
Without reading the article, Oborne lost all credibility in the mainstream media when he became an apologist for Assad gassing his own citizens. |  |
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| Nigel Farage on 12:20 - Jul 20 with 3171 views | DJR |
| Nigel Farage on 12:11 - Jul 20 by GlasgowBlue |
Without reading the article, Oborne lost all credibility in the mainstream media when he became an apologist for Assad gassing his own citizens. |
Things are never normally quite as black and white as the mainstream media or prevailing establishment view would have it, but the use of the term apologist these days certainly appears to have the desired effect of closing down debate. |  | | |
| Nigel Farage on 12:23 - Jul 20 with 3161 views | Blueschev |
| Nigel Farage on 12:11 - Jul 20 by GlasgowBlue |
Without reading the article, Oborne lost all credibility in the mainstream media when he became an apologist for Assad gassing his own citizens. |
Do you have a link to any of that? |  | | |
| Nigel Farage on 12:28 - Jul 20 with 3152 views | HARRY10 |
| Nigel Farage on 12:20 - Jul 20 by DJR |
Things are never normally quite as black and white as the mainstream media or prevailing establishment view would have it, but the use of the term apologist these days certainly appears to have the desired effect of closing down debate. |
"prevailing establishment "
who they ? | | | |
| Nigel Farage on 12:33 - Jul 20 with 3138 views | usm |
Whether you like the man or hate the man, this is discrimination.
Coutts will have countless accounts with individuals like Farage, most far 'worse', but I very much doubt they are cancelling their accounts. |  |
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| Nigel Farage on 12:34 - Jul 20 with 3136 views | DanTheMan |
Whilst he's raising a potentially valid point about the Muslims whose bank accounts were closed, this is not the same as what has happened to Farage.
For what it is also worth, I quickly saw one of the stories that flashed up and went and had a dig.
https://www.bbc.co.uk/news/business-28553921
What seems to be happening here is HSBC think they've found something that appears dodgy but probably not enough to report to the authorities and so on the balance of risk vs. reward, they close the accounts. As far as I'm aware, they aren't actually allowed to tell you why (I may be misremembering the FCA rules here) but essentially if you find something that looks off, you are absolutely not allowed to say to the entity about what you've discovered, it's a massive no no.
Obviously, I'm not privy to all the details, but judging by HSBCs statement I'd guess that was the reason. To be clear, I'm not saying I agree with what they've done, but this is how it works. | |
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| Nigel Farage on 12:35 - Jul 20 with 3133 views | DanTheMan |
| Nigel Farage on 12:33 - Jul 20 by usm |
Whether you like the man or hate the man, this is discrimination.
Coutts will have countless accounts with individuals like Farage, most far 'worse', but I very much doubt they are cancelling their accounts. |
Did you actually read what Coutts said internally? It's got nothing to do with his views, it's because he's not bringing them in enough money. Those other unsavoury people will be. | |
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| Nigel Farage on 12:40 - Jul 20 with 3102 views | HARRY10 |
| Nigel Farage on 12:35 - Jul 20 by DanTheMan |
Did you actually read what Coutts said internally? It's got nothing to do with his views, it's because he's not bringing them in enough money. Those other unsavoury people will be. |
I wonder what could have prompted HSBC
ah yes
"The bank said it was "applying a programme of strategic assessments to all of its businesses" after a $1.9bn fine in 2012 over poor money-laundering controls." | | | |
| Nigel Farage on 12:50 - Jul 20 with 3066 views | usm |
| Nigel Farage on 12:35 - Jul 20 by DanTheMan |
Did you actually read what Coutts said internally? It's got nothing to do with his views, it's because he's not bringing them in enough money. Those other unsavoury people will be. |
No, not all of it, but then Ive not read all of Farage's 'notes' on it either.
FWIW I don't like the man or his views - although Ive never met him nor discussed his views with him - but I dislike discrimination even more and this smacks of discrimination.
Just my view - you can like it or not. 🤷♂️ | |
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| Nigel Farage on 12:59 - Jul 20 with 3031 views | Blueschev |
I'll take that as a no then. | | | |
| Nigel Farage on 13:04 - Jul 20 with 3014 views | HARRY10 |
| Nigel Farage on 12:50 - Jul 20 by usm |
No, not all of it, but then Ive not read all of Farage's 'notes' on it either.
FWIW I don't like the man or his views - although Ive never met him nor discussed his views with him - but I dislike discrimination even more and this smacks of discrimination.
Just my view - you can like it or not. 🤷♂️ |
I think it is more a case of opposing discrimination, ie that of Farage.
I doubt most have missed the irony of Farage's whine about him being discriminated against.
Coutts marketed itself as a prestige bank, why should it not seek to protect that prestige by removing 'undesirables' from its clientele ? | | | |
| Nigel Farage on 13:05 - Jul 20 with 3015 views | DanTheMan |
| Nigel Farage on 12:50 - Jul 20 by usm |
No, not all of it, but then Ive not read all of Farage's 'notes' on it either.
FWIW I don't like the man or his views - although Ive never met him nor discussed his views with him - but I dislike discrimination even more and this smacks of discrimination.
Just my view - you can like it or not. 🤷♂️ |
I'm interested in how you came to the conclusion you did that he was discriminated against, despite what Coutts has given him saying basically the opposite.
You're entitled to your view, but it doesn't mean it's based in reality. [Post edited 20 Jul 2023 13:17]
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| Nigel Farage on 13:06 - Jul 20 with 3020 views | PhilTWTD |
| Nigel Farage on 12:50 - Jul 20 by usm |
No, not all of it, but then Ive not read all of Farage's 'notes' on it either.
FWIW I don't like the man or his views - although Ive never met him nor discussed his views with him - but I dislike discrimination even more and this smacks of discrimination.
Just my view - you can like it or not. 🤷♂️ |
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| Nigel Farage on 13:16 - Jul 20 with 2990 views | HARRY10 |
| Nigel Farage on 13:06 - Jul 20 by PhilTWTD |
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Farage was not 'let go' any more than someone who loses their job. They have been sacked, made redundant etc. No employee is held against their will, it is merely newspeak to try and sanitise the loss of a job, as if the employer is doing the worker a favour.
A tank is not destroyed or blown up, with all the consequent horror..... it is taken out, as if that horrific destruction equates to a night at the theatre or restaurant. | | | |
| Nigel Farage on 13:28 - Jul 20 with 2962 views | Darth_Koont |
| Nigel Farage on 12:11 - Jul 20 by GlasgowBlue |
Without reading the article, Oborne lost all credibility in the mainstream media when he became an apologist for Assad gassing his own citizens. |
🚨GlassFact alert 🚨 |  |
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| Nigel Farage on 13:44 - Jul 20 with 2941 views | blueasfook |
| Nigel Farage on 13:06 - Jul 20 by PhilTWTD |
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When I had a poor credit rating years ago, I had a Nationwide account. They'll take anyone and I dont think they care if you're a fascist. I dont remember them asking me at the time if I was a fascist, at least. |  |
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