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Nigel Farage fell below the financial threshold required to hold an account at Coutts, the prestigious private bank for wealthy customers the BBC has been told.
It also understood that he was offered a normal account at Natwest which owns Coutts.
People familiar....
It also understood that he was offered a normal account at Natwest which owns Coutts.
People familiar....
2/...with the matter rejected the notion that the decision to close his Coutts account was in any way political. "it was for commercial reasons - the criteria for holding a Coutts account are clear from the bank's website".
Coutts requires customers to borrow or invest...
Coutts requires customers to borrow or invest...
3/ £1 million with the bank or hold £3million in savings.
Mr Farage recently posted a 6 minute video on Twitter saying that losing his bank account was the equivalent of being a "non person" and that the decision may "fundamentally affect my future career and whether...
Mr Farage recently posted a 6 minute video on Twitter saying that losing his bank account was the equivalent of being a "non person" and that the decision may "fundamentally affect my future career and whether...
4/...I can even go on staying living here in this country".
Mr Farage disputed the fact that he was offered a Natwest account at the time his Coutts accounts were withdrawn. He says offer of a Natwest account came late last week.
The offer of a Natwest account still stands...
Mr Farage disputed the fact that he was offered a Natwest account at the time his Coutts accounts were withdrawn. He says offer of a Natwest account came late last week.
The offer of a Natwest account still stands...
5/..the BBC understands. Mr Farage says that he has tried to open an account with a number of other banks but claims he was rejected on the grounds that he is a "Politically Exposed Person" (PEP). A PEP generally presents a higher risk for financial institutions as regulators...
6/ consider PEPs more exposed to the risk for potential involvement in bribery and corruption by virtue of their position and the influence they may hold.
People familiar with Natwest's thinking insisted that this not the reason for the closure of his Coutts account....
People familiar with Natwest's thinking insisted that this not the reason for the closure of his Coutts account....
7/Mr Farage told teh BBC - "are you telling me that all the other banks say it was a PEP thing and Coutts wasn't - draw your own conclusions."
Mr Farage also said that his business account for "Thorn in the Side Limited" was closed despite the fact....
Mr Farage also said that his business account for "Thorn in the Side Limited" was closed despite the fact....
8/...that last year he had what he described as "large significant positive cash balances" going through his business account.
Coutts do not offer business banking services to customers who are not also private customers.
Coutts do not offer business banking services to customers who are not also private customers.
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