| Love him or hate him, you got to hand it to Farage 09:10 - Jul 26 with 8754 views | blueasfook |
He's brought down the chief exec of Nat West. |  |
| |  |
| Love him or hate him, you got to hand it to Farage on 12:33 - Jul 26 with 2039 views | chicoazul |
So many left leaning self proclaimed liberals arguing on behalf of an odious banking institution in this thread, no wonder so many of you are confused. |  |
| |
| Love him or hate him, you got to hand it to Farage on 12:36 - Jul 26 with 1999 views | Blueschev |
| Love him or hate him, you got to hand it to Farage on 12:33 - Jul 26 by chicoazul |
So many left leaning self proclaimed liberals arguing on behalf of an odious banking institution in this thread, no wonder so many of you are confused. |
Who's doing that exactly? |  | | |
| Love him or hate him, you got to hand it to Farage on 14:14 - Jul 26 with 1918 views | Ewan_Oozami |
| Love him or hate him, you got to hand it to Farage on 10:56 - Jul 26 by lowhouseblue |
i have not said that what coutts did was illegal (other than possibly breaching confidentiality and gdpr) - so protected characteristics don't come into play. my argument is about what is right rather than what is currently legal. and you are turning a blind eye to something which is blatantly not right in a liberal democracy just because you disagree politically with farage. let's say the co-op bank carries out a similar process and decides that corbyn is a non-person and withdraws his bank card? I assume you'd say "as a private business they can do what they want"? of course you would. |
If hypothetically Coutts had removed Corbyn's banking facilities, I can absolutely guarantee that the government would not have been interested at all...... |  |
| |
| Love him or hate him, you got to hand it to Farage on 14:27 - Jul 26 with 1904 views | GlasgowBlue |
| Love him or hate him, you got to hand it to Farage on 14:14 - Jul 26 by Ewan_Oozami |
If hypothetically Coutts had removed Corbyn's banking facilities, I can absolutely guarantee that the government would not have been interested at all...... |
Buy a number of the people defending Coutts on this thread would have apoplectic and claimed that it was a plot by those people depicted in the mural by mear one. [Post edited 26 Jul 2023 14:30]
|  |
| |
| Love him or hate him, you got to hand it to Farage on 14:30 - Jul 26 with 1894 views | Blueschev |
| Love him or hate him, you got to hand it to Farage on 14:27 - Jul 26 by GlasgowBlue |
Buy a number of the people defending Coutts on this thread would have apoplectic and claimed that it was a plot by those people depicted in the mural by mear one. [Post edited 26 Jul 2023 14:30]
|
I haven't seen anybody defending Coutts, other than against the charge that they took away Farage's bank account due to his political views, which they didn't. | | | |
| Love him or hate him, you got to hand it to Farage on 15:57 - Jul 26 with 1795 views | jacobnikons |
| Love him or hate him, you got to hand it to Farage on 09:14 - Jul 26 by Zapers |
Good for him, she deserves to lose her job, stupid woman.
And no, I'm not a Farage supporter. |
i am and good on him exposing the corruption in Banking in general. Another reason why a cashless society needs to be avoided because otherwise you will end up like Trudeau's Canada when the government closed down truckers bank accounts simply because they refused to take the covid jab and stood up to the Governments' draconian measures. |  | | |
| Love him or hate him, you got to hand it to Farage on 16:00 - Jul 26 with 1782 views | Guthrum |
| Love him or hate him, you got to hand it to Farage on 12:14 - Jul 26 by lowhouseblue |
you test people's principles with difficult cases. what this demonstrates alas is that for a lot of people their commitment to free speech and diversity of opinion is very thin. if it's someone they don't like then they don't care. voltaire and all that. |
That cuts both ways. Farage's principles are that businesses should be left to do as they wish. Now one is doing so in a manner he doesn't like, he objects.
I'm all in favour of regulation, which would have prevented him being discriminated against on the grounds of his politics.
Just pointing out the hypocrisy, not the ideal. |  |
| |
| Love him or hate him, you got to hand it to Farage on 16:38 - Jul 26 with 1719 views | Zapers |
| Love him or hate him, you got to hand it to Farage on 16:00 - Jul 26 by Guthrum |
That cuts both ways. Farage's principles are that businesses should be left to do as they wish. Now one is doing so in a manner he doesn't like, he objects.
I'm all in favour of regulation, which would have prevented him being discriminated against on the grounds of his politics.
Just pointing out the hypocrisy, not the ideal. |
I'm sorry Guthrum, but you and others on here are completely missing the real issue. Forget Farage, the only reason he is of relevance is because he has the gravitas to make this a public issue.
This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his.
City minister Andrew Griffith has read the riot act to other banks about 'woke' culture, and they have all signed up to' Non-discrimination based on lawful freedom of expression' Mullet note!
In reality they had no choice, simply because they could have risked getting their license revoked.
As GB rightly said, this had serious undertones which needed to be stamped out immediately. |  | | |
Login to get fewer ads
| Love him or hate him, you got to hand it to Farage on 16:43 - Jul 26 with 1694 views | MattinLondon |
| Love him or hate him, you got to hand it to Farage on 16:00 - Jul 26 by Guthrum |
That cuts both ways. Farage's principles are that businesses should be left to do as they wish. Now one is doing so in a manner he doesn't like, he objects.
I'm all in favour of regulation, which would have prevented him being discriminated against on the grounds of his politics.
Just pointing out the hypocrisy, not the ideal. |
My completely uneducated take on this is that this entire episode has been a case of self-serving politics at its finest.
Firstly there was Jacob Rees-Morgan asking questions in the HoC which the PM etc piggy banked on. It became, in their opinion, a matter of principle but if it had been a left-winger being shown the door then they would not have piped up. The rhetoric being that this is the remainer establishment picking on a fervent brexiter. The government using it as a convenient distraction tool from the economy, party gate etc. Also the victim Farage not liking a bank making a decision that goes against him. |  | | |
| Love him or hate him, you got to hand it to Farage on 16:44 - Jul 26 with 1690 views | DJR |
Interesting to see Rachel Reeves trying to defend Rose yesterday. Following her sacking, Starmer today is taking a different view.
Rachel Reeves, the shadow chancellor, has come to the defence of Dame Alison Rose. In an interview with Channel 4 News Reeves said that Rose, who was forced to resign as NatWest chief executive after admitting that she had discussed Nigel Farage’s bank account with a BBC journalist, had been a victim of “bullying”, and she implied that Tory Treasury ministers were partly responsible.
She also said that, instead of attacking the banks on behalf of Nigel Farage, the chancellor, Jeremy Hunt, and his colleagues should be tackling the cost of living crisis.
Reeves said:
I don’t like, some of the frankly, what I see as bullying attitudes towards her. She’s the first female chief executive of NatWest. She took over at a time when that bank had real big problems. It seems to me that Alison Rose, has done a good job turning that bank around.
Let me say this. If I was in the Treasury at the moment, rather than Jeremy Hunt and his Conservative ministers, I’d be spending my time this summer trying to ensure that families in Scarborough, like the ones I’ve spoken to today, are properly protected during this cost of living crisis rather than picking a fight with banks on behalf of Nigel Farage.
Channel 4 News says this interview was recorded yesterday, before Rose resigned.
This morning, after Rose resigned in the early hours of this morning, Keir Starmer said she was right to go. [Post edited 26 Jul 2023 16:46]
|  | | |
| Love him or hate him, you got to hand it to Farage on 16:48 - Jul 26 with 1652 views | DanTheMan |
| Love him or hate him, you got to hand it to Farage on 16:38 - Jul 26 by Zapers |
I'm sorry Guthrum, but you and others on here are completely missing the real issue. Forget Farage, the only reason he is of relevance is because he has the gravitas to make this a public issue.
This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his.
City minister Andrew Griffith has read the riot act to other banks about 'woke' culture, and they have all signed up to' Non-discrimination based on lawful freedom of expression' Mullet note!
In reality they had no choice, simply because they could have risked getting their license revoked.
As GB rightly said, this had serious undertones which needed to be stamped out immediately. |
"This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his."
Where did you get this from? This isn't what happened, it's not what was in the documents that Farage got from the bank. She resigned because she talked to the BBC about a account holder's circumstances which she very obviously shouldn't have done, it was a very dumb thing to do.
But she did not personally close his account from what I've seen and there's no evidence to suggest she did.
The only evidence we have so far is that
- Adverse media checks were run for him over a period of years
- They found roughly the same stuff each time
- Each time he was rated low risk
- They closed his account when his mortgage was up as this meant he fell under their minimum required monetary amount
That's it. That's all that happened. This continuing narrative that he's been persecuted because of his beliefs makes absolutely no sense. |  |
| |
| Love him or hate him, you got to hand it to Farage on 16:50 - Jul 26 with 1640 views | Blueschev |
| Love him or hate him, you got to hand it to Farage on 16:38 - Jul 26 by Zapers |
I'm sorry Guthrum, but you and others on here are completely missing the real issue. Forget Farage, the only reason he is of relevance is because he has the gravitas to make this a public issue.
This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his.
City minister Andrew Griffith has read the riot act to other banks about 'woke' culture, and they have all signed up to' Non-discrimination based on lawful freedom of expression' Mullet note!
In reality they had no choice, simply because they could have risked getting their license revoked.
As GB rightly said, this had serious undertones which needed to be stamped out immediately. |
"This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his." Once again, that isn't what his account was cancelled for. | | | |
| Love him or hate him, you got to hand it to Farage on 16:53 - Jul 26 with 1619 views | Zapers |
| Love him or hate him, you got to hand it to Farage on 16:48 - Jul 26 by DanTheMan |
"This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his."
Where did you get this from? This isn't what happened, it's not what was in the documents that Farage got from the bank. She resigned because she talked to the BBC about a account holder's circumstances which she very obviously shouldn't have done, it was a very dumb thing to do.
But she did not personally close his account from what I've seen and there's no evidence to suggest she did.
The only evidence we have so far is that
- Adverse media checks were run for him over a period of years
- They found roughly the same stuff each time
- Each time he was rated low risk
- They closed his account when his mortgage was up as this meant he fell under their minimum required monetary amount
That's it. That's all that happened. This continuing narrative that he's been persecuted because of his beliefs makes absolutely no sense. |
Ok. I guess you know best;) | | | |
| Love him or hate him, you got to hand it to Farage on 16:56 - Jul 26 with 1608 views | Zapers |
| Love him or hate him, you got to hand it to Farage on 16:50 - Jul 26 by Blueschev |
"This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his." Once again, that isn't what his account was cancelled for. |
I guess you need to take it up with Andrew Griffith, He's obviously missed the point. | | | |
| Love him or hate him, you got to hand it to Farage on 17:05 - Jul 26 with 1585 views | Blueschev |
| Love him or hate him, you got to hand it to Farage on 16:56 - Jul 26 by Zapers |
I guess you need to take it up with Andrew Griffith, He's obviously missed the point. |
It seems almost everyone has missed the point! | | | |
| Love him or hate him, you got to hand it to Farage on 17:12 - Jul 26 with 1576 views | lowhouseblue |
| Love him or hate him, you got to hand it to Farage on 16:48 - Jul 26 by DanTheMan |
"This is about a respected CEO of a bank, belonging to Nat West, part owned by the tax payer, taking it upon herself to cancel an account holder, simply because her views did not align to his."
Where did you get this from? This isn't what happened, it's not what was in the documents that Farage got from the bank. She resigned because she talked to the BBC about a account holder's circumstances which she very obviously shouldn't have done, it was a very dumb thing to do.
But she did not personally close his account from what I've seen and there's no evidence to suggest she did.
The only evidence we have so far is that
- Adverse media checks were run for him over a period of years
- They found roughly the same stuff each time
- Each time he was rated low risk
- They closed his account when his mortgage was up as this meant he fell under their minimum required monetary amount
That's it. That's all that happened. This continuing narrative that he's been persecuted because of his beliefs makes absolutely no sense. |
i don't think that's right. the account closure did coincide with them not renewing his mortgage but not renewing the mortgage was also a decision taken by the bank. not renewing the mortgage "on a commercial basis" doesn't seems to be substantiated in the papers and in truth reads like an excuse. the only reason actually given is: continuing to bank nf was not compatible coutts given his publicly stated views that were at odds with our position as an inclusive organisation." that's the only reason that they substantiate in any way and it is what the content of the report is focused on. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
| |
| Love him or hate him, you got to hand it to Farage on 17:17 - Jul 26 with 1544 views | Sarge |
The only thing I’d hand to him is a grenade with the pin pulled out | | | |
| Love him or hate him, you got to hand it to Farage on 17:18 - Jul 26 with 1542 views | hype313 |
| Love him or hate him, you got to hand it to Farage on 17:12 - Jul 26 by lowhouseblue |
i don't think that's right. the account closure did coincide with them not renewing his mortgage but not renewing the mortgage was also a decision taken by the bank. not renewing the mortgage "on a commercial basis" doesn't seems to be substantiated in the papers and in truth reads like an excuse. the only reason actually given is: continuing to bank nf was not compatible coutts given his publicly stated views that were at odds with our position as an inclusive organisation." that's the only reason that they substantiate in any way and it is what the content of the report is focused on. |
It's a simple GDPR breach, that's why she resigned.
Because it involves the odious Farage, it's highlighted the issue somewhat.
No doubt they will be hauled over the coals for this and rightly so. |  |
| |
| Love him or hate him, you got to hand it to Farage on 17:35 - Jul 26 with 1513 views | Ewan_Oozami |
| Love him or hate him, you got to hand it to Farage on 15:57 - Jul 26 by jacobnikons |
i am and good on him exposing the corruption in Banking in general. Another reason why a cashless society needs to be avoided because otherwise you will end up like Trudeau's Canada when the government closed down truckers bank accounts simply because they refused to take the covid jab and stood up to the Governments' draconian measures. |
Indeed, next it will be the JSO people who have their accounts frozen and we'd all agree with that wouldn't we? | |
| |
| Love him or hate him, you got to hand it to Farage on 17:54 - Jul 26 with 1477 views | DanTheMan |
| Love him or hate him, you got to hand it to Farage on 17:12 - Jul 26 by lowhouseblue |
i don't think that's right. the account closure did coincide with them not renewing his mortgage but not renewing the mortgage was also a decision taken by the bank. not renewing the mortgage "on a commercial basis" doesn't seems to be substantiated in the papers and in truth reads like an excuse. the only reason actually given is: continuing to bank nf was not compatible coutts given his publicly stated views that were at odds with our position as an inclusive organisation." that's the only reason that they substantiate in any way and it is what the content of the report is focused on. |
From what I read of the papers, he'd paid off his mortgage, he didn't need another one so there was nothing to offer him. This was in part of the document where two people are emailing each other, hence the commercial basis seems completely reasonable. They had no reason to lie in internal emails.
Again you say "the report", there is no report, we have a data dump that includes data gathered by a risk committee that recommended keeping him on over a number of years.
If you can point to me where in the documents you think they made the decision to get rid of him based on his political views, that would be helpful. | |
| |
| Love him or hate him, you got to hand it to Farage on 17:55 - Jul 26 with 1475 views | DJR |
| Love him or hate him, you got to hand it to Farage on 17:18 - Jul 26 by hype313 |
It's a simple GDPR breach, that's why she resigned.
Because it involves the odious Farage, it's highlighted the issue somewhat.
No doubt they will be hauled over the coals for this and rightly so. |
Far more serious is the breach of confidentiality, which itself turned out to be not the whole truth.
It looks like she also intended the information to come out which compounds what happened.
These days I am not sure all people in positions of authority fully understand the standards of integrity and confidentiality drummed into me as a lawyer, first in the City and then in Whitehall. [Post edited 26 Jul 2023 19:46]
| | | |
| Love him or hate him, you got to hand it to Farage on 17:56 - Jul 26 with 1464 views | Mullet |
| Love him or hate him, you got to hand it to Farage on 12:16 - Jul 26 by lowhouseblue |
yes i said it was discrimination. look up its definition. it is discrimination on the basis of opinion - treating someone differently because of that characteristic. i didn't say it was illegal. the word discrimination doesn't only exist in a legal context. |
I don't think being more patronising is going to suddenly bolster your argument. You also said "groups of people" so if your implication isn't clear and you only now clarify, that's on you.
After all, only one of us has been engaging with what has been said, not what we wish has been said.
This is a worthy read from a few days ago, from the radical leftists at the FT on the regulatory aspects as mentioned earlier in the thread by JohnTy etc. https://www.ft.com/content/f6148a3d-b7f6-45af-a372-4b7ccb2ae2b2
A cynic might be inclined to wonder if Farage was hoping to discredit any looming scrutiny given who he lies in the muck with, politically speaking. Most PEPs certainly wouldn't have the PM and Home Secretary wading in either. |  |
| |
| Love him or hate him, you got to hand it to Farage on 18:03 - Jul 26 with 1431 views | Mullet |
| Love him or hate him, you got to hand it to Farage on 17:54 - Jul 26 by DanTheMan |
From what I read of the papers, he'd paid off his mortgage, he didn't need another one so there was nothing to offer him. This was in part of the document where two people are emailing each other, hence the commercial basis seems completely reasonable. They had no reason to lie in internal emails.
Again you say "the report", there is no report, we have a data dump that includes data gathered by a risk committee that recommended keeping him on over a number of years.
If you can point to me where in the documents you think they made the decision to get rid of him based on his political views, that would be helpful. |
Of course the admission of relative poverty when it comes to the likes of Coutts also doesn't play well with his public image either. | |
| |
| Love him or hate him, you got to hand it to Farage on 18:17 - Jul 26 with 1385 views | lowhouseblue |
| Love him or hate him, you got to hand it to Farage on 17:54 - Jul 26 by DanTheMan |
From what I read of the papers, he'd paid off his mortgage, he didn't need another one so there was nothing to offer him. This was in part of the document where two people are emailing each other, hence the commercial basis seems completely reasonable. They had no reason to lie in internal emails.
Again you say "the report", there is no report, we have a data dump that includes data gathered by a risk committee that recommended keeping him on over a number of years.
If you can point to me where in the documents you think they made the decision to get rid of him based on his political views, that would be helpful. |
the report is the minutes of and papers presented to the relevant coutts committee. of the mortgage the minutes say "we would not look to renew". nothing to suggest he didn't need another one. the minutes of the committee only discuss farage's opinions - they don't discuss commercial aspects. the quote i gave you before was directly from those minutes: "continuing to bank nf was not compatible with coutts given his publicly stated views that were at odds with our position as an inclusive organisation." (towards the bottom of the 1st page). i don't think that's nuanced and that was effectively the decision line in the minutes. it's a very clear statement that they made the decision to get rid of him based on his political views. that's how the bbc are reporting it - i think you're in a small minority in reading that statement as a commercial decision. [Post edited 26 Jul 2023 18:48]
| |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
| |
| Love him or hate him, you got to hand it to Farage on 19:16 - Jul 26 with 1285 views | Ewan_Oozami |
| Love him or hate him, you got to hand it to Farage on 17:05 - Jul 26 by Blueschev |
It seems almost everyone has missed the point! |
Indeed they have - the whole point as I see it, given the situation that presented itself, is reducing or removing banking regulation and laws around anti-money laundering as you say - the fact that Coutts were so naive and played right into Farage's and the deregulators' hands so easily was an added bonus - this is not about discrimination, it's about deregulation and institution-bashing - ultimately you have to ask - cui bono? | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
