Nigel Farage, the prominent Brexit campaigner, has strongly criticized the Financial Conduct Authority (FCA) for its recent investigation, which found no evidence of de-banking due to personal beliefs. Farage had previously been informed by Coutts, a private bank owned by NatWest, that his account would be closed as his views were "at odds" with the bank. Farage dismissed the FCA's report as a "whitewash" and called for sackings at the regulatory body. Tory MP Danny Kruger expressed concerns about the FCA's findings, while the FCA assured that further investigation will be conducted.
No evidence of de-banking, says FCA
The FCA has recently concluded an investigation into allegations of de-banking, specifically targeting high-profile individuals whose personal beliefs may have resulted in the closure of their bank accounts. The findings of the FCA's probe revealed no concrete evidence of de-banking based on political views or personal beliefs.
Fury from Farage over "whitewash" report
Nigel Farage, the former leader of the UK Independence Party (UKIP), has strongly criticized the FCA's report, dismissing it as a "whitewash" and a "joke." Farage had received a letter from Coutts, informing him that his account would be closed due to his views being "at odds" with the private bank. Frustrated by the FCA's findings, Farage called for sackings at the regulatory body.
Further questions raised by Tory MP
Tory MP Danny Kruger expressed serious concerns about the FCA's report, highlighting the need for more transparency and accountability within the regulatory body. Kruger urged the FCA to address the issues raised by Farage and others who have faced de-banking threats.
FCA assures further investigation
The FCA's Sarah Pritchard emphasized that their recent report only provided preliminary insights into the issue of de-banking. She stated that the regulator would continue to investigate the concerns raised by Farage and other individuals who believe they have been targeted due to their political views or personal beliefs.
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