Bank chiefs have been summoned for a meeting with Treasury ministers to discuss how customers can be protected from “being de-banked” after Nigel Farage accused Coutts of closing his account due to his political views. The former UK Independence Party leader claimed earlier this month that the prestigious bank he had been with for over…
ANALYSIS: Is the De-banking Problem Solvable?
Coutts Bank’s 40-page dossier on Nigel Farage has shone a light on the nagging suspicion that banks may have been dropping customers over political views they have deemed unfavourable. The high-profile de-banking of the broadcaster and former UKIP and Brexit Party leader has led to an apology from the bank’s boss, and the Treasury has announced…
Rees-Mogg Pushes Anti-Discrimination Law as Banks Are Accused of Shutting Accounts Over Personal Views
Former minister Sir Jacob Rees-Mogg is pushing for a new law that will make it more difficult for banks to shut down people’s accounts. It comes amid ongoing suspicion that banks have been closing customers’ accounts over their political exposure or views. Mr. Rees-Mogg, a Conservative MP and GB News presenter, told The Telegraph that while banks have…
Conservatives, Not LGBT, Most Threatened by Businesses Refusing Service
Commentary The U.S. Supreme Court recently ruled that it’s unconstitutional for Colorado to punish a commercial designer for refusing to create a same-sex wedding website in violation of her Christian beliefs. In 303 Creative v. Elenis, the Court didn’t, as its critics contend, validate discrimination based on sexual orientation. Indeed, the Court explicitly didn’t rule…
Financial Watchdog Should Prioritise Probe Into Banks Denying Accounts Over Political Views: Treasury Minister
City and Treasury Minister Andrew Griffith has written to the UK’s financial watchdog urging it to prioritise a review into whether people are being denied bank accounts due to their political views. Last week, the British political leader Nigel Farage claimed that Coutts, the prestigious private bank he had been with for over 40 years,…
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