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The Latest Breaking News from Coutts

UK Banks Commit to "the Principle of Non-Discrimination Based on Lawful Freedom of Expression" as to Clients

From The Independent (UK): Economic secretary Andrew Griffith told the bosses of some of the UK's biggest banks on Wednesday that it is important to protect freedom of expression…. It came after former politician Nigel Farage's bank account with Coutts—a bank for the ultra wealthy—was closed. The account was shut…

Reason

Coutts chief quits and crisis wipes £1bn off NatWest shares

Ousting of private bank’s chief may not be final departure as future of NatWest Group chairman looks uncertain

The Guardian - UK

Muslim leaders decry ‘double standard’ of Farage bank account closure furore

Longstanding issue for community given little attention compared with closure of ex-Ukip leader’s Coutts account, says mosque chair

The Guardian - UK

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CEO of royal banker Coutts resigns amid furor over closure of politician Nigel Farage's account

The chief executive of Coutts Bank has stepped down amid the furor surrounding populist politician Nigel Farage’s complaints that his account was closed because of his political views

The Independent UK

Rishi Sunak refuses to back NatWest chair over Farage controversy

PM fails to voice support for Sir Howard Davies after resignation of bank’s chief executive, Alison Rose

The Guardian - UK

Coutts CEO Peter Flavel stands down over Nigel Farage row

Coutts’ chief executive Peter Flavel, the boss of the private bank which closed Nigel Farage’s account, will step down immediately, NatWest Group has said.

Evening Standard

Coutts chief executive Peter Flavel resigns over Nigel Farage row

Head of bank steps down less than 48 hours after NatWest boss Alison Rose was forced to quit

The Guardian - UK

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Nigel Farage banking scandal claims another scalp as Coutts CEO quits

Peter Flavel is second bank chief to resign over cancellation of ex-Ukip leader's account, as pressure mounts on NatWest chair to go next

The Independent UK

OPINION - Russophobia is now the secret weapon of corporate hypocrites

Until yesterday, you’d have been forgiven for thinking the outcome of the Coutts-Nigel Farage debacle was a lecture on customer service. City minister Andrew Griffith summoned our banks for a little chat, as if they were naughty school children who’d written swear words on the board.

Evening Standard

Debanking row: is Nigel Farage case just tip of the iceberg?

UK banks are being reminded of “their responsibilities” when it comes to sensitive information they hold on their customers.

The Week

GB News owner’s fund makes millions from short position as NatWest shares slide

Marshall Wace holds a 0.59% short position in NatWest, which has delivered gains of close to £12 million in the past week

Evening Standard

Who is Peter Flavel? Coutts CEO who lost his job over Nigel Farage banking row

Natwest CEO Dame Alison Rose’s resignation ‘not enough’ says former UKIP leader as he calls on whole board to quit

The Independent UK

Thursday briefing: What the Coutts/Farage row reveals about banking in Britain

In today’s newsletter: The twisty tale of Nigel Farage’s dispute with the NatWest-owned bank has led to the resignation of its CEO, Alison Rose. A timeline of the drama and why it matters

The Guardian - UK

Don’t be fooled: this row is about more than Nigel Farage and Coutts – what lies beneath is Brexit

Why have Tories and a beleaguered PM fought this battle so fiercely? Because the ex-Ukip leader embodies leave and they fear him, says Guardian columnist Martin Kettle

The Guardian - UK

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The Guardian - UK

The Guardian view on Nigel Farage and Coutts: this row is more about the politics of Brexit than banking

The former Brexit party leader was done a disservice, but the frenzy of Tory outrage is mostly a symptom of political cowardice

The Guardian - UK

Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit

Concerns raised over anonymous briefings that triggered early-hours resignation of Dame Alison Rose

The Guardian - UK

Farage blames ‘woke capitalism’ for his row with Coutts, but banks aren’t woke. Their obsession is profits

Like many corporations, they make virtuous statements, but for the most part they hide behind a cloak of ethical humbug, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

How the downfall of NatWest boss Alison Rose over Farage and Coutts unfolded – timeline

Events from first tweet by Nigel Farage to final announcement by bank chairman Howard Davies

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Evening Standard

OPINION - Will Coutts bank ‘disappear’ after Farage debacle?: The Leader podcast

The fallout continues following the resignation of NatWest CEO Dame Alison Rose.

The National (Scotland)

Farage account closure risks ‘undermining efforts to tackle financial crime’

THE UK Government risks undermining money laundering rules if it makes knee-jerk decisions after Nigel Farage’s bank account closure, experts say.

The Guardian - UK

From sold-out Adele tickets to an elephant for your wedding: the perks of banking with Coutts

Private bank offers exclusive services to its wealthy clients, who include Emma Watson and Stormzy

Evening Standard

OPINION - Why Nigel Farage has done Keir Starmer a favour

Why did the 2017 and 2019 general elections produce two starkly different results? Both took place in the shadow of the EU referendum, both times Labour put up Jeremy Corbyn as its candidate for prime minister, and even when the Tories switched from Theresa May to Boris Johnson, they in…

The Independent UK

What is the Nigel Farage row about and what does it mean for me?

Ministers are pressing ahead with accelerated reforms to give customers more rights on so-called de-banking.

The Independent UK

Now pressure builds on Coutts boss after NatWest CEO quits over Farage scandal: ‘Unsustainable at every level’

The former Brexit Party leader said he wrote to the boss of Coutts three times after hearing his account would be closed, but was ‘not given the courtesy of a response’

Evening Standard

OPINION - The Standard View: Coutts debacle poses questions for all sides

It is a single story sparking a binary reaction — Nigel Farage and his bank account. The former Ukip leader has landed a major scalp, as NatWest boss Dame Alison Rose quit late last night after acknowledging she made a “serious error of judgment” when she discussed Mr Farage’s relationship…

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