| Love him or hate him, you got to hand it to Farage 09:10 - Jul 26 with 8756 views | blueasfook |
He's brought down the chief exec of Nat West. |  |
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| Love him or hate him, you got to hand it to Farage on 19:17 - Jul 26 with 744 views | DanTheMan |
| Love him or hate him, you got to hand it to Farage on 18:17 - Jul 26 by lowhouseblue |
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]
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And on page 34 they say:
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 benefit of retention the decision was taken to exit upon repayment of an existing mortgage.
Emphasis mine.
And also After the expiry of the mortgage with Coutts, NF would not be a criteria client, and we should set a glide path to exiting NF when that mortgage expires
They aren't talking about his views, they are talking about the money he brings in. This view alings with another economist that the BBC interviewed when these first came out. I do have experience in this area having worked in the industry.
Economist Frances Coppola told the same programme that "having read the report, I actually don't think that's the reason why they closed his account. The report makes it clear that the reason they closed the account was that Nigel paid off his mortgage and the house was released as a security and that brought him below the criteria for an account at that bank."
Taken from - https://www.bbc.co.uk/news/business-66247057
" the minutes of the committee only discuss farage's opinions - they don't discuss commercial aspects"
Because it's a risk committee, that's not their concern.
And quite frankly I don't care if I'm in the minority. [Post edited 26 Jul 2023 19:20]
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| Love him or hate him, you got to hand it to Farage on 19:32 - Jul 26 with 693 views | lowhouseblue |
| Love him or hate him, you got to hand it to Farage on 19:17 - Jul 26 by DanTheMan |
And on page 34 they say:
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 benefit of retention the decision was taken to exit upon repayment of an existing mortgage.
Emphasis mine.
And also After the expiry of the mortgage with Coutts, NF would not be a criteria client, and we should set a glide path to exiting NF when that mortgage expires
They aren't talking about his views, they are talking about the money he brings in. This view alings with another economist that the BBC interviewed when these first came out. I do have experience in this area having worked in the industry.
Economist Frances Coppola told the same programme that "having read the report, I actually don't think that's the reason why they closed his account. The report makes it clear that the reason they closed the account was that Nigel paid off his mortgage and the house was released as a security and that brought him below the criteria for an account at that bank."
Taken from - https://www.bbc.co.uk/news/business-66247057
" the minutes of the committee only discuss farage's opinions - they don't discuss commercial aspects"
Because it's a risk committee, that's not their concern.
And quite frankly I don't care if I'm in the minority. [Post edited 26 Jul 2023 19:20]
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so this economist the bbc quotes keeps referring to a "report" - weren't you rather insistent that i was wrong to refer to a "report"? didn't you say "there is no report"? how odd.
your quotes, at the very least, reinforce the fact that the decision was not taken for solely commercial reasons. his public profile still reads as the decisive factor. |  |
| 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 |
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| Love him or hate him, you got to hand it to Farage on 12:32 - Aug 23 with 409 views | SuperKieranMcKenna |
GBP 2.5m payoff…that’s nearly as much as Lamberk. |  | | |
| Love him or hate him, you got to hand it to Farage on 14:50 - Aug 23 with 330 views | Ewan_Oozami |
| Love him or hate him, you got to hand it to Farage on 12:32 - Aug 23 by SuperKieranMcKenna |
GBP 2.5m payoff…that’s nearly as much as Lamberk. |
And that is the most disgusting part of this whole sorry episode... |  |
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