The Bank of Farage

[Sephiroth]

Originally Posted by jfman

I don’t believe it is to be honest, his mortgage ends and he no longer met the criteria. They decided the additional costs of keeping him on the books (economic considerations in the dossier) meant it wasn’t viable to keep him on. A bread and butter financial decision for any capitalist entity. It’s there in black and white.

All the while this schadenfreude distracts from the fact every other bank he’s approached turned him down. Did all of them vote remain?

If binning Farage for political reasons was a thing why not ten years ago?

Did she tell you that, John? The FoI request proved that it was about his views diverging from the bank's "views and purpose". He met the bank's economic criteria (see https://www.telegraph.co.uk/news/202...-bank-account/ ).

I'm so disappointed, John. This thread was going so well until your dislike of Farage overcame fact.

[Mr K]

Originally Posted by Sephiroth

I'm so disappointed, John.

Life is full of disappointments Brian

[Sephiroth]

Originally Posted by Ms NTL

Did he meet the criteria? Yes or no. Proof?

That's the question.

I agree with the rest.

https://www.telegraph.co.uk/news/2023/07/19/coutts-full-dossier-on-nigel-farage-closed-bank-account/

You don't need a subscription. It's the first thing you see on the link.

[jfman]

It’s right there on pages 1 and 39 that the decisions are commercial, as is entirely proper in a capitalist society. The fact he’s got many other issues is a sideshow.

Originally Posted by Sephiroth

https://www.telegraph.co.uk/news/2023/07/19/coutts-full-dossier-on-nigel-farage-closed-bank-account/

You don't need a subscription. It's the first thing you see on the link.

Bottom of page 1 of the document

[Sephiroth]

Originally Posted by jfman

It’s right there on pages 1 and 39 that the decisions are commercial, as is entirely proper in a capitalist society. The fact he’s got many other issues is a sideshow.

Your head is in the sand, John, picking out what you want read.

See page 3 and this:

EC for connection is about £***

1. Client has recently been declassified from Higher Risk PEP to Lower Risk PEP – he will be declassed completely at next review if he remains out of politics for the next 12 months.
2. Following the declassification, the client’s EC is now sufficient to retain on commercial basis.
3. No other group connections in evidence.

The P39 EC statement directly contradicts #2 in the quote above. The rest of P39 is pure vitriol and politics.

[jfman]

Originally Posted by Sephiroth

Your head is in the sand, John, picking out what you want read.

See page 3 and this:

The P39 EC statement directly contradicts #2 in the quote above. The rest of P39 is pure vitriol and politics.

That refers to the day on which it was written. Not the point in the then future at which his mortgage cleared.

There is indeed a lot of politics in the document - nobody can dispute that. It’s quite clear. However, the basis upon which they removed his accounts is commercial. It’s the only factor that had changed - his politics haven’t.

[Sephiroth]

Given the huge body of politics in the document versus the 1 liner on EC, it's very clear they didn't want Farage because they thought he was fascist pig , with openly anti-gay views etc.

That's what did it.

[jfman]

Originally Posted by Sephiroth

Given the huge body of politics in the document versus the 1 liner on EC, it's very clear they didn't want Farage because they thought he was fascist pig , with openly anti-gay views etc.

That's what did it.

The number of words typed doesn’t necessarily equate to the weighting of a decision.

They’ll have had some “lackey” as Farage put it when he contacted the CEO’s office and pull together a few pages here or there on anything he’s said publicly, and outline the reputational risk to them should be go public. Nothing untoward or unexpected in that.

If they’d wrote a one pager saying he didn’t have the money he’d be all “don’t they know who I am?”. Well yes, Nigel, they do know who you are and you still don’t have the money.

[Sephiroth]

You just don't like Farage.

I think he's a great man.

I wonder why the 10 other banks (his words, not mine) won't give him an account?

[jfman]

Originally Posted by Sephiroth

You just don't like Farage.

I think he's a great man.

So you are equally as likely to have a clouded judgement based on your personal view. If not more so.

[TheDaddy]

Originally Posted by Sephiroth

You just don't like Farage.

I think he's a great man.

What bit do you like best, that he seems to knows all the words to Hitler Youth songs or that his political hero was Oswald Mosley?

[jfman]

Originally Posted by Hugh

I wonder why the 10 other banks (his words, not mine) won't give him an account?

This, this and more this.

[Sephiroth]

Originally Posted by jfman

So you are equally as likely to have a clouded judgement based on your personal view. If not more so.

It would have been more balanced had you'd omitted the last few words.