Sources indicate that NatWest agreed to pay Farage damages, while Farage, in turn, withdrew his threats of civil and criminal proceedings against the bank. Farage initially sought millions of pounds, claiming the debanking row severely damaged his reputation.The controversy began when Coutts closed Farage’s accounts, initially citing commercial reasons. However, Farage obtained internal bank documents revealing that his political views significantly influenced the decision. The situation escalated after a BBC News report claimed the closure was purely commercial, based on inaccurate information Dame Alison Rose disclosed to a journalist at a charity dinner in violation of privacy rules.Sir Howard Davies, the bank’s chairman at the time, determined that Dame Alison had to step down despite her public apology to Farage.No censorship here...
Wednesday, March 26, 2025
Making Bank
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