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IPFS News Link • Central Banks/Banking

Coutts Apologises To Nigel Farage After Bank Account Closure

• by Owen Evans

On Thursday, Alison Rose, chief executive of NatWest Group, of which Coutts is part of the wealth management division, wrote to the former Brexit Party leader Mr. Farage to apologise for "deeply inappropriate comments" made about him in official documents.

Mrs. Rose did not give him the option of having his original Coutts account back.

In July, Mr. Farage claimed the prestigious bank he has been with for over 40 years has closed his account with "no explanation."

He said that he believe that he had been persecuted for his views and that he may have been deemed a politically exposed person (PEP), a term used for someone who, through their prominent position or influence, is more susceptible to being involved in bribery or corruption.

Political and Personal Views

The documents published in full in the Daily Mail contained a 40-page memo by the bank's Wealth Reputational Risk Committee.