UK Politics
General Discussion for politics in the UK.
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[email protected] appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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This is the best summary I could come up with:
The City regulator has found no evidence that banks are closing accounts on the basis of customers' personal views, Sky News understands, to the fury of former Brexit campaigner Nigel Farage.
The Financial Conduct Authority (FCA) is due to report shortly on the findings of its investigation, implemented amid the so-called de-banking row that engulfed NatWest in relation to the politician's dealings with the group's Coutts arm.
The Financial Times reported on Tuesday that the watchdog had found nothing to support his claims of a wider problem among the 34 lenders it had examined.
The probe was ordered by the chancellor who warned banks last month that they faced "very large" fines if they closed customer accounts based on their political opinions.
Coutts boss Peter Flavel resigned, as did NatWest chief executive Dame Alison Rose after she admitted being the source behind an incorrect BBC story about the row.
It came after Mr Farage obtained a 40-page dossier from Coutts which suggested the closure of his accounts was taken partly because his views did not align with its "values", including his position on LGBTQ+ rights and friendship with former US president Donald Trump.
The original article contains 308 words, the summary contains 193 words. Saved 37%. I'm a bot and I'm open source!