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FCA Finds No Evidence Banks Rejected Politicians Over Views

From bnnbloomberg.ca

A Financial Conduct Authority review has found no evidence that politicians are being denied bank accounts due to their views, according to a person familiar with the matter. The UK watchdog is set to publish shortly its findings from data submitted by dozens of the biggest banks and building societies about account closures and the reasons for them. The Treasury in August called on the FCA to “urgently” investigate the scale of debanking after the outcry that followed the closure of Nigel Farage’s account with Coutts. Farage revealed over the summer that NatWest Group Plc unit Coutts was closing his account, ... (full story)

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