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Originally Posted by Sparkie2182
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1) The Guardian Article is from 5 years ago.
2) The financial circumstances of Farage are irrelevant, revealing a client's personal and confidential information is a breach of UK and European Banking regulations. The purpose of a bank is to manage money, give sound financial advice, and make a profit, something NatWest has singularly failed to do. It also failed to inform the Regulator about deposits of cash delivered in bin liners to small branches in the North of England, the money having come from fraudsters.
3) Coutts no longer has minimum thresholds to open an account since the renaming of Royal Bank of Scotland and making Coutts Bank a subsidiary of NatWest during the reorganisation by the recently departed CEO. It does however vet social media records of clients or potential clients. Coutts offered Farage an account with NatWest after he had cleared his mortgage with them and had his account closed.
Coutts also refused an account to the granddaughter of a former Chancellor of the Exchequer on the grounds that her grandfather was a "Politically Exposed Person."
4) NatWest is still 38% owned by the British tax payer.
Regards.