| Nigel Farage on 10:36 - Jul 19 with 5173 views | Oldsmoker |
I'm torn between criticising the Bank for discrimination or congratulating them for having common decency. |  |
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| Nigel Farage on 10:38 - Jul 19 with 5165 views | blueasfook |
| Nigel Farage on 10:36 - Jul 19 by Oldsmoker |
I'm torn between criticising the Bank for discrimination or congratulating them for having common decency. |
I don't know if anyone would even know/or care who Farage banked with so I don't see how Coutts could be concerned about it damaging their reputation.
And I dare say a few Russian oligarchs probably bank with them. |  |
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| Nigel Farage on 10:41 - Jul 19 with 5133 views | Oldsmoker |
| Nigel Farage on 10:38 - Jul 19 by blueasfook |
I don't know if anyone would even know/or care who Farage banked with so I don't see how Coutts could be concerned about it damaging their reputation.
And I dare say a few Russian oligarchs probably bank with them. |
"And I dare say a few Russian oligarchs probably bank with them."
I think we can take that as a given. | |
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| Nigel Farage on 10:41 - Jul 19 with 5130 views | Mookamoo |
There are certain people I try to tune out of my life and Farage is one of them. Am I getting it right in thinking Coutts didn't have a problem with a racist and disingenuous grifter that had 3 million to bank, they only have a problem with one that has 1 million to bank?
Is not also true that the disingenuous grifter is disingenuously grifting in order to keep is name in print?
Its one of the stories everybody should fall down a hole and not come back out. |  | | |
| Nigel Farage on 11:16 - Jul 19 with 5024 views | Guthrum |
He's an ultra-Free Marketeer, madly in favour of deregulation (which is why he wanted Brexit). Under those rules the bank is entirely within their rights to tell him to get lost for any reason whatsoever, or for no reason at all. But especially if they think it might be commercially damaging to keep him on. |  |
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| Nigel Farage on 11:21 - Jul 19 with 4992 views | soupytwist |
| Nigel Farage on 11:16 - Jul 19 by Guthrum |
He's an ultra-Free Marketeer, madly in favour of deregulation (which is why he wanted Brexit). Under those rules the bank is entirely within their rights to tell him to get lost for any reason whatsoever, or for no reason at all. But especially if they think it might be commercially damaging to keep him on. |
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. |  | | |
| Nigel Farage on 11:32 - Jul 19 with 4943 views | blueblueburleymcgrew |
| Nigel Farage on 11:16 - Jul 19 by Guthrum |
He's an ultra-Free Marketeer, madly in favour of deregulation (which is why he wanted Brexit). Under those rules the bank is entirely within their rights to tell him to get lost for any reason whatsoever, or for no reason at all. But especially if they think it might be commercially damaging to keep him on. |
Thats probably correct and if so they should have stated that from the outset, what gets me (as no fan of the man) is that they briefed to the BBC and others that it was because his finances failed to meet their criteria for holding an account, just disingenuous and poor corporate PR. |  | | |
| Nigel Farage on 11:44 - Jul 19 with 4895 views | ArnoldMoorhen |
| Nigel Farage on 11:32 - Jul 19 by blueblueburleymcgrew |
Thats probably correct and if so they should have stated that from the outset, what gets me (as no fan of the man) is that they briefed to the BBC and others that it was because his finances failed to meet their criteria for holding an account, just disingenuous and poor corporate PR. |
Nobody, apart from Coutts and Farage, and maybe his accountant, knows which criteria he doesn't meet.
He can say what he wants, Counts have to abide by Data Protection Regulations. |  | | |
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| Nigel Farage on 11:46 - Jul 19 with 4880 views | chicoazul |
Private companies can deal with whoever they like. Bakers can refuse to make cakes for whoever they like. That’s how the world goes round. |  |
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| Nigel Farage on 11:48 - Jul 19 with 4871 views | Illinoisblue |
“If this is true” doing some very heavy lifting here. |  |
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| Nigel Farage on 11:54 - Jul 19 with 4831 views | iamatractorboy |
| Nigel Farage on 11:46 - Jul 19 by chicoazul |
Private companies can deal with whoever they like. Bakers can refuse to make cakes for whoever they like. That’s how the world goes round. |
Unless we're talking about a protected characteristic (in this case we're not though, as political affiliation doesn't qualify). | | | |
| Nigel Farage on 11:56 - Jul 19 with 4825 views | blueasfook |
| Nigel Farage on 11:48 - Jul 19 by Illinoisblue |
“If this is true” doing some very heavy lifting here. |
Apparently it is true. Farage has obtained some official meeting record in which it was decided to ditch him for exactly those reasons. | |
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| Nigel Farage on 12:01 - Jul 19 with 4775 views | Zx1988 |
| Nigel Farage on 11:56 - Jul 19 by blueasfook |
Apparently it is true. Farage has obtained some official meeting record in which it was decided to ditch him for exactly those reasons. |
My understanding is that it's "a little of column A, and a little of column B".
Was it not the case that Farage had dropped below the eligibility requirements, and as a result of that a decision was made not to continue making an exception for him because of the potential for reputational damage? | |
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| Nigel Farage on 12:04 - Jul 19 with 4757 views | blueasfook |
| Nigel Farage on 12:01 - Jul 19 by Zx1988 |
My understanding is that it's "a little of column A, and a little of column B".
Was it not the case that Farage had dropped below the eligibility requirements, and as a result of that a decision was made not to continue making an exception for him because of the potential for reputational damage? |
Well I am not going to get into the ins and outs of it - and hey, its Farage so he wont garner much sympathy from most. But if there is even a sniff of it being a political decision then it's a bit underhanded. Apparently, he'd been below the threshold for some time and they'd been happy to keep him as a customer. | |
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| Nigel Farage on 12:12 - Jul 19 with 4719 views | blueblueburleymcgrew |
| Nigel Farage on 11:44 - Jul 19 by ArnoldMoorhen |
Nobody, apart from Coutts and Farage, and maybe his accountant, knows which criteria he doesn't meet.
He can say what he wants, Counts have to abide by Data Protection Regulations. |
They literally briefed that was the reason if it’s a breach of data protection it’s up to Farage to follow up but I’m not sure I’ve seen anything to suggest they didn’t put that out as their original reason? | | | |
| Nigel Farage on 12:26 - Jul 19 with 4639 views | BlueBadger |
BRB, setting up a Justgiving for a refugee charity.
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| Nigel Farage on 12:45 - Jul 19 with 4594 views | Illinoisblue |
| Nigel Farage on 11:56 - Jul 19 by blueasfook |
Apparently it is true. Farage has obtained some official meeting record in which it was decided to ditch him for exactly those reasons. |
A supposed 40-page memo which of course he won’t release in its entirety. Amazing how people fall for his “man of the people” anti-establishment grift while he’s literally in dispute with a bank for millionaires. | |
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| Nigel Farage on 12:52 - Jul 19 with 4508 views | Pendejo |
| Nigel Farage on 12:12 - Jul 19 by blueblueburleymcgrew |
They literally briefed that was the reason if it’s a breach of data protection it’s up to Farage to follow up but I’m not sure I’ve seen anything to suggest they didn’t put that out as their original reason? |
Did they?
If they did the information commissioner has the power to heavily punish breaches.
However, wasn't the story broken by NF? And the theories about why came from the same type of folks as those who put together the times rich list?
I.e. Take a few strands of public knowledge and then fill in the blanks... |  |
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| Nigel Farage on 12:53 - Jul 19 with 4506 views | ArnoldMoorhen |
| Nigel Farage on 12:12 - Jul 19 by blueblueburleymcgrew |
They literally briefed that was the reason if it’s a breach of data protection it’s up to Farage to follow up but I’m not sure I’ve seen anything to suggest they didn’t put that out as their original reason? |
As I understand it they said that he doesn't meet their criteria, but didn't say which of the criteria he falls short on. Articles then include "Coutts have a requirement for private banking clients to have a minimum balance of £3m... etc" as a statement of fact, but which leads to inference.
Unless I am missing a direct quote where Coutts say "Farage doesn't meet our minimum balance."
Banks will have lots of criteria. Eg complying with money laundering regulations, not receiving funds from countries, businesses or individuals under sanction. Certain accounts have a minimum monthly deposit.
Some are legal requirements, some are discretionary to the bank. They are running a business and they set the criteria. | | | |
| Nigel Farage on 13:06 - Jul 19 with 4457 views | CrockerITFC |
What is it with him and other Brexiter that they still want the perks of clubs they are no longer members of? |  | | |
| Nigel Farage on 13:07 - Jul 19 with 4431 views | HARRY10 |
I suspect the bank is aware, more than us, of the origin, or thought origin, of some of the'disingenuous grifter' money.
For a man who struggled along on a humble MEP 's salary, Fartrage does seem to have accumulated quite a bit of money. I accept, that like a number of other ukip MEPs, his expenses claims may have not been the most accurat. Required to return some of the money 'resting in his account' I believe. But even that would not explain there supposedly being millions.
I don't recall any supposed games of tennis either, as with Johnson and Russian money.
His whining that no other bank will have him does rather suggest there is some information they are privy to which leads or obliges them to come to the same conclusion. ie something they are aware of, rather than something he is.
And with a couple of letter changes the name Coutts would seem amply suitable a bank for a shi tehawk such as Nigel Coutt | | | |
| Nigel Farage on 13:17 - Jul 19 with 4390 views | 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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| Nigel Farage on 13:18 - Jul 19 with 4386 views | blueblueburleymcgrew |
| Nigel Farage on 12:53 - Jul 19 by ArnoldMoorhen |
As I understand it they said that he doesn't meet their criteria, but didn't say which of the criteria he falls short on. Articles then include "Coutts have a requirement for private banking clients to have a minimum balance of £3m... etc" as a statement of fact, but which leads to inference.
Unless I am missing a direct quote where Coutts say "Farage doesn't meet our minimum balance."
Banks will have lots of criteria. Eg complying with money laundering regulations, not receiving funds from countries, businesses or individuals under sanction. Certain accounts have a minimum monthly deposit.
Some are legal requirements, some are discretionary to the bank. They are running a business and they set the criteria. |
BBC headline on 4 July lead story stated he fell below the wealth limit - a story as far as I know which was taken from Coutts briefings direct to BBC. That’s what troubles me.
Look I’m no Farage apologist but I have misgivings at how Coutts handled this. | | | |
| Nigel Farage on 13:19 - Jul 19 with 4367 views | DanTheMan |
| Nigel Farage on 13:18 - Jul 19 by blueblueburleymcgrew |
BBC headline on 4 July lead story stated he fell below the wealth limit - a story as far as I know which was taken from Coutts briefings direct to BBC. That’s what troubles me.
Look I’m no Farage apologist but I have misgivings at how Coutts handled this. |
It's also in the documents Farage shared though.
In multiple places, it essentially says that in July 2023 his mortgage account would run out and that they made a "commercial decision" not to renew the connection. | |
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| Nigel Farage on 14:03 - Jul 19 with 4269 views | NthQldITFC |
My heart bleeds... |  |
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