The issue of account closures took on a political dimension following Farage's assertion that his account with Coutts, a subsidiary of NatWest, was terminated due to his political stance. This led to a controversy that culminated in the unexpected resignation of NatWest's CEO, Alison Rose. In response, Finance Minister Jeremy Hunt announced in October his…
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Nigel Farage’s claims that his account was ‘debanked’ by Coutts, which is part of NatWest Bank, based on his political views as leader of the Brexit Party, partly motivated this investigation. The politician presented a document that showed the decision to close his account was partially due to his political opinions. However, this internal bank…
Read moreCoutts & Co's Singapore operation has been subject to a $30,000 administrative penalty for contravening rules set forth by the Securities and Investments Act relating to fund managers which do not carry the required authorization
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