UK says no evidence of political bank account closures

UK says no evidence of political bank account closures

LONDON: Britain on Tuesday (Sep 19) said it found no evidence of "political" bank account closures, according to a review launched after the controversial withdrawal of facilities for Nigel Farage, angering the arch Brexiteer. The Financial Conduct Authority (FCA) said in initial findings that the evidence

UK says no evidence of political bank account closures

LONDON: Britain on Tuesday said it found no evidence of “political” bank account closures, according to a review launched after the controversial withdrawal of facilities for Nigel Farage, angering the arch Brexiteer. The Financial Conduct Authority (FCA) said in initial findings that the evidence it has gathered “suggests that no firm closed an account between July 2022 and June 2023 primarily because of a customer’s political views.” However…

Review finds no evidence banks closed accounts due to ‘political views’

There is no evidence of banks denying politicians access to accounts over the last year due to their political views, a review by the regulator has said.

Banks not closing accounts due to political views, FCA finds

Banks have not been closing customer accounts for political reasons, according to the initial findings of an investigation by the UK’s financial regulator published today. The Financial Conduct Authority (FCA) was tasked with investigating the issue after it was revealed that Natwest-owned Coutts closed Nigel Farage’s bank account partly because of his political views. But the FCA found that “no firm closed an account between July 2022 and Jun…