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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

‘Up all night worrying’: 92-year-old debanked by NatWest after move to Jamaica

Philip Cato sitting outside a home in Jamaica
NatWest wrote to Cato in July 2022 saying his account would close the following February, but the letter did not reach him until October. Photograph: Handout

Until recently Philip Cato, a member of the Windrush generation who emigrated to the UK in 1961, had nothing in common with Nigel Farage. In fact he had not heard of the politician. But now he does. Both have been debanked by NatWest.

The closure of Farage’s account with NatWest’s exclusive private bank Coutts caused a furore, leading to the chancellor, Jeremy Hunt, last week asking the financial regulator to investigate how frequently people were being debanked and why.

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