Nigel Farage

[Gareth Barry Conlon]

This type of risk assessment happens at all banks across the board. Anyone assuming otherwise is naive at best.

Aside from the fact that this particular idiot, like all politicians, is a PEP for money laundering purposes and so would be required to pass enhanced due diligence testing, the reputation implications of accepting such a high profile client is always considered both at take on and at annual review.

Also, in my opinion, having had some personal experience of Alison Rose, Nat West will be a poorer place without her. She's a fantastic operator and has done more to empower female entrepreneurs (who still make up a woefully inadequate percentage of the market) than anyone else.

She's been hugely let down by whoever leaked this story.

Edited to amend. If it was Alison Rose who "leaked" this herself then of course she must go. That's just career suicide and I'm incredibly disappointed in her.

It was talking to the BBC that (rightly) cost her her job rather than closing his account, she wasn’t part of the decision making process for that.

Closing his accounts was entirely justified. Trying to play this in the media for positive PR is a game all big firms play to some degree, the execution here has been a total failure. Why did she out herself? Is it that hard to leak something and keep your tracks covered?

Same with coutts really. It seems he probably didn't meet the ongoing eligibility requirements for an account once his mortgage was paid off (nice problem to have).

Farage is an absolute ****. Having a trail of money laundering behind you is not a nice problem to have, not to mention his involvement with election interference here and in the US.

 

[meltonblue]

Closing his accounts was entirely justified. Trying to play this in the media for positive PR is a game all big firms play to some degree, the execution here has been a total failure. Why did she out herself? Is it that hard to leak something and keep your tracks covered?



Farage is an absolute ****. Having a trail of money laundering behind you is not a nice problem to have, not to mention his involvement with election interference here and in the US.

Think people are missing that neither the bank or her have apologised for actually closing the account, they still feel (rightly) justified in that.

 

[Mazzarelli's Swiss Cheese]

Closing his accounts was entirely justified. Trying to play this in the media for positive PR is a game all big firms play to some degree, the execution here has been a total failure. Why did she out herself? Is it that hard to leak something and keep your tracks covered?



Farage is an absolute ****. Having a trail of money laundering behind you is not a nice problem to have, not to mention his involvement with election interference here and in the US.

I think as a politician it's probably fair to expect him to interfere with elections in terms of general political involvement/ campaigning. The US thing at Trump rallies was a bit weird though. I remember having the impression that no one there actually really knew who he was, and rubbing shoulders with trump was for the benefit of a narrow slice of the UK electorate rather than anyone in America.

 

[west didsblue]

To be fair the govt (UK population) are major shareholders since we bailed them out, although tbf I'd rather we just got our money back really.

The government have already sold over half of their original 84% stake at a significant loss. The share price would have to go up roughly fourfold for them to recover the full amount of the bailout with the 39% stake they have left.

 

[Gareth Barry Conlon]

I think as a politician it's probably fair to expect him to interfere with elections in terms of general political involvement/ campaigning. The US thing at Trump rallies was a bit weird though. I remember having the impression that no one there actually really knew who he was, and rubbing shoulders with trump was for the benefit of a narrow slice of the UK electorate rather than anyone in America.

Being a conduit for Russian money and other illegal activity is not fair. He's up to his eyeballs in all of it and I hope it all comes out and he and others end up in jail. That would be fair.

 

[Mazzarelli's Swiss Cheese]

Being a conduit for Russian money and other illegal activity is not fair. He's up to his eyeballs in all of it and I hope it all comes out and he and others end up in jail. That would be fair.

I don't suppose that will happen until there is proof.

 

[Gareth Barry Conlon]

I don't suppose that will happen until there is proof.

For there to be proof you would need a government that genuinely wants to expose Russian interference.

 

[Mazzarelli's Swiss Cheese]

For there to be proof you would need a government that genuinely wants to expose Russian interference.

If there was a whiff of Russian money on Farage I don't think he's short of enemies in politics (and banking!) that would delight in outing him. I think he'd be dealt with as quickly and efficiently as the SNP leadership have been for their financial indescretions.

 

[bert38]

Our lives are full of irrelevant news and sometimes it's only publicity that makes institutions suddenly see the error of their ways.

You mean by upsetting the establishment? I and many others do not want to hear a thing from that Frog-faced racist.

 

[blueinsa]

This is what happens when you take on a national treasure in fairness:-)

Nat west/Coutts fucked up and the CEO has rightly gone. The fact she has and banks are having meetings show he was correct this time.

Banks have no place judging the political leanings of its account holders nor commenting on it in public. It shouldn't have meetings with an employee of the BBC or cover up the reasons for their actions.

The same would apply if a Bank did the same to Corbyn as an example.

Although some posters would magically do a 360 if that happened of course such is their complete bias on any political subject.

Nailed it.