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Evening Standard
Evening Standard
Business
Daniel O'Boyle

City watchdog claims data review shows no banks have closed accounts ‘primarily’ due to political views

FCA Nigel Farage City Coutts NatWest

City watchdog the FCA has claimed that no banks closed anyone’s accounts “primarily because of a customer’s political views” in the year to June 2023, according to a data-finding investigation launched after the controversy over closure of Nigel Farage’s account with Coutts.

The Financial Conduct Authority (FCA) launched a data exercise around question of politically influenced debanking, after the former UKIP leader lost his account with NatWest-owned Coutts.

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