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Coutts VS Nigel Farage


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Wisbech Eagle Flag Truro Cornwall 29 Jul 23 1.52pm

Originally posted by HKOwen

I ask again. What does find some help mean? You seem to be implying I am mentally ill.


" You need help
A phrase often used in an attempt to convince someone to seek out psychiatric care or psychological treatment. An expression of concern for someone with a mental illness that drastically reduces their quality of life.

Personally I find such a post to be abusive.


Edited by HKOwen (29 Jul 2023 1.34pm)

As you seem incapable of responding to the content of my comments, but constantly seek to attack my character, maybe someone else could help you to find a way to concentrate on the subject under review.

Who that might be is not for me to suggest. I don't know you. I only know what you write here.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Stirlingsays Flag 29 Jul 23 1.56pm

It's amusing how you find people who support vast chunks of the left all of a sudden pick and choose what they like from libertarian thinking when it suits them.

In reality Banks, in fact the whole financial industry was bailed by the taxpayer at massive generational cost.....A cost the taxpayer will likely not actually recover from in our lifetimes....with lockdowns and wars normies just don't get it....we are fecked.

Anyway banks are only private companies in name as in practice they are not allowed to fail.

Importantly they are not divorced from regulation and in a society where globalisation has decided that cash will be phrased out it's unacceptable for banks to have power to exclude bank accounts unless someone is actually breaking the law.

These banks have been abusing a law that wasn't intended for this use.

The law will now have to be changed to stop unethical practices like this. Certain people will find their wings will be clipped.

Edited by Stirlingsays (29 Jul 2023 1.58pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 2.04pm

Originally posted by NEILLO

I think you’re the one being pedantic actually. And contradicting yourself.

First you say there is no freedom of speech argument , but that’s only your opinion.

Now you say there is an argument but is has no merit.

I perfectly understand what the newly woke Coutts did what they did and so do the politicians . They are supporting Farage because they are also PEPS and it could happen to them.

Nobody is forcing Coutts to be “ friends “ with Farage. Until Coutts enabled him who knew or cared that NF banked with them ? They should focus on deterring actual criminals, the money launderers, terrorist organisation etc because failing to results not only in reputational damage but financial penalties.

My guess is that the next Risk Review that Coutts carry out is one that looks at whether the policy that has created this mess is fit for purpose.

No, what I said is that whilst there is arguing, there is no substance to the argument being pontificated by Farage and his supporters. His freedom of speech has demonstrably and unarguably not been negatively affected by this.

Coutts should be, and are, free to make whatever decision they believe to be right. Unless you believe they should be nationalised or regulated as a public utility. I don't think the financial sector would be too enthusiastic about the latter.

I have little doubt they try to exclude all the criminals you describe. That's irrelevant to also looking at other perceived risks.

I also think though that there will be many more heads rolling as they sort out the mess.

I am though doing my best to help NatWest. I have just opened a cash ISA with them as their interest rates are now the market leader.

That I agree with their position on Farage is beside the point.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 2.09pm

Originally posted by mezzer

This makes no sense. He didn't lose his account because of his views but because the bank had concerns about being associated with them?
So if he didn't hold the views he does, the bank wouldn't have to worry about being associated with them so it is clearly his views that has led to the closure of his account.

That's for him to decide. If holding a Coutts account was felt by Farage to be so essential he couldn't live without it, he could stop being a PEP and retire to grow vegetables.

He has choices. So does the bank.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Teddy Eagle Flag 29 Jul 23 2.10pm

Originally posted by Wisbech Eagle

It did, and that is not in dispute. It was careless to minute such remarks and an apology has been given for the language used.

Read them very carefully again though and perhaps you will see that whilst they are describing his perceived character they aren't the reason for his debanking.

The reason for his debanking is not of themselves Farage's views. It is their impact on the bank's position and purpose.

They are not saying that Farage cannot hold and speak about such views, but that they don't feel it's wise for them to be connected to him.

Now some will regard that as just semantics but it isn't.

It's a fundamental right that people can decide for themselves who they associate with, on whatever basis they want. If you dislike me, for whatever reason, no one else can force you to associate yourself with me.

A commercial business is no different unless they have some kind of legal compulsion, which I expect would be vigorously resisted if there was any attempt to introduce one.

Coutts thought being associated with Farage was bad for how they might be perceived.

[Link]

 

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 2.13pm

Originally posted by Hrolf The Ganger

72.3% of people in the street? Have you seen the streets these days?
I doubt that figures on Brexit have much credibility.

I seem to recall that the poles said that we were remaining.

Edited by Hrolf The Ganger (29 Jul 2023 1.56pm)

Do you trust YouGov? Knowing your previous positions on such things, probably not, but this indicates where things are:-

[Link]

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 29 Jul 23 2.20pm

Originally posted by Wisbech Eagle

Do you trust YouGov? Knowing your previous positions on such things, probably not, but this indicates where things are:-

[Link]

I don't trust polls full stop.

You couldn't accept that the majority voted for Brexit, but now you are happy to tell us about a poll because it appears to show something you approve of.

Could it be that people are still as easily lead by propaganda as you claimed they were when they voted for Brexit.

You can't have it both ways old boy.

There are no grounds to call Brexit a failure. It's only a failure if you want to be ruled from Brussels.

Edited by Hrolf The Ganger (29 Jul 2023 2.44pm)

 

NEILLO Flag Shoreham-by-Sea 29 Jul 23 2.25pm

Originally posted by Wisbech Eagle

No, what I said is that whilst there is arguing, there is no substance to the argument being pontificated by Farage and his supporters. His freedom of speech has demonstrably and unarguably not been negatively affected by this.

Coutts should be, and are, free to make whatever decision they believe to be right. Unless you believe they should be nationalised or regulated as a public utility. I don't think the financial sector would be too enthusiastic about the latter.

I have little doubt they try to exclude all the criminals you describe. That's irrelevant to also looking at other perceived risks.

I also think though that there will be many more heads rolling as they sort out the mess.

I am though doing my best to help NatWest. I have just opened a cash ISA with them as their interest rates are now the market leader.

That I agree with their position on Farage is beside the point.

No, what you said was “ there is no freedom of speech argument “ - check if you can be bothered.

Coutts is part of the NatWest Group as you are aware - you also know that the Government still has a 39% share in its ownership. I’m not remotely suggesting that it should be (re) nationalised.

My comment on focusing on the REAL threats through Financial Crime was based upon my own experience of over 45 years in the Banking industry. In which time I had regional responsibility for conducting Client Due Diligence on a wide spectrum of customers including PEPS.

I think the next major internal risk review that Coutts conduct may well be into whether the policies that created this mess are actually fit for purpose.

 


Old, Ungifted and White

Badger11 Flag Beckenham 29 Jul 23 2.38pm

Originally posted by NEILLO

No, what you said was “ there is no freedom of speech argument “ - check if you can be bothered.

Coutts is part of the NatWest Group as you are aware - you also know that the Government still has a 39% share in its ownership. I’m not remotely suggesting that it should be (re) nationalised.

My comment on focusing on the REAL threats through Financial Crime was based upon my own experience of over 45 years in the Banking industry. In which time I had regional responsibility for conducting Client Due Diligence on a wide spectrum of customers including PEPS.

I think the next major internal risk review that Coutts conduct may well be into whether the policies that created this mess are actually fit for purpose.

New Client "I'd like to open an account please. I'm a rich Saudi / arms dealer / money launderer / can't explain where I got my wealth from but my husband being President of his country and under investigation is purely a coincidence.

Coutt's "That'll do nicely (unless your Farage).


Actually I'm think of approaching my bank (Any UK bank) to discuss reputation risk.

Do I wish to be associated with a bank whose senior management continually flouts the law and is always being sanctioned for the FSA. *

And they have the cheek to question my reputation.

*Decades of financial scandals / money laundering / market rigging etc. etc.

Edited by Badger11 (29 Jul 2023 2.43pm)

 


One more point

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 3.44pm

Originally posted by Hrolf The Ganger

I don't trust polls full stop.

You couldn't accept that the majority voted for Brexit, but now you are happy to tell us about a poll because it appears to show something you approve of.

Could it be that people are still as easily lead by propaganda as you claimed they were when they voted for Brexit.

You can't have it both ways old boy.

There are no grounds to call Brexit a failure. It's only a failure if you want to be ruled from Brussels.

Edited by Hrolf The Ganger (29 Jul 2023 2.44pm)

A majority didn't vote for Brexit. A majority of those who voted, voted for Brexit and I accept that. What I don't accept that it was a wise or even legitimate process.

That poll could have a huge margin of error and still indicate that a majority now disapprove. Which is hardly surprising given the closeness of the original vote.

There's no propaganda needed for people to change their minds. They are witnessing the stupidity every day personally.

Only those, like you, for whom not being in the EU was an over-riding demand whatever the economic and security consequences don't now accept it is a failure. Not all those who voted for it by a very big margin. Those who thought it would save money or reduce immigration now know they were conned. Many of us knew that in 2016.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 3.52pm

Originally posted by NEILLO

No, what you said was “ there is no freedom of speech argument “ - check if you can be bothered.

Coutts is part of the NatWest Group as you are aware - you also know that the Government still has a 39% share in its ownership. I’m not remotely suggesting that it should be (re) nationalised.

My comment on focusing on the REAL threats through Financial Crime was based upon my own experience of over 45 years in the Banking industry. In which time I had regional responsibility for conducting Client Due Diligence on a wide spectrum of customers including PEPS.

I think the next major internal risk review that Coutts conduct may well be into whether the policies that created this mess are actually fit for purpose.

No need to check. I know what I wrote and have said that I regarded your criticism as being pedantic as it's really obvious what was meant. There is no valid freedom of speech argument. There is merely freedom of speech arguing. As I have already explained.

With your background, you will be better able to understand the points being made and may well be correct that they will decide to revise their approach, for no other reason than the need to repair their imagine.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 3.55pm

Originally posted by Badger11

New Client "I'd like to open an account please. I'm a rich Saudi / arms dealer / money launderer / can't explain where I got my wealth from but my husband being President of his country and under investigation is purely a coincidence.

Coutt's "That'll do nicely (unless your Farage).


Actually I'm think of approaching my bank (Any UK bank) to discuss reputation risk.

Do I wish to be associated with a bank whose senior management continually flouts the law and is always being sanctioned for the FSA. *

And they have the cheek to question my reputation.

*Decades of financial scandals / money laundering / market rigging etc. etc.

Edited by Badger11 (29 Jul 2023 2.43pm)

You don't seriously believe that do you!

I have opened a NatWest account today to show solidarity with them. Well actually, no. I did it because their rates are highest.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Stirlingsays Flag 29 Jul 23 3.56pm

'Populism is bad'....except when it agrees with me.

Apparently voting for Brexit promises like reducing immigration is pointless because the elites do what they and big business/donors want anyway, regardless of what the manifestos say.

The point of Democracy is what exactly?

It seems a bit contradictory to care about what opinion polls may say if you're an avowed opponent of populism.....but apparently that's only when it disagrees with them.

Before Johnson was elected and Brexit pushed through remainers went full in on rejecting any kind of Brexit, hard or soft. They would do anything for another vote and even worse control the campaign rules to advantage Remain...Regardless they were quite happy to completely ignore the majority who had just voted for Brexit.

Indeed, it was this undemocratic attitude that probably contributed to the 80 seat majority......People were annoyed that their vote was being played around with.

Regardless, It's a notable point that a vote on leaving the EU was ignored....despite the opinion polls at many times showing majority support for it....for 40 years.

I remember EU supporters no caring at all about opinion polls then.....just as they didn't care about majority opinions against immigration and for capital punishment....ignored for decades.

So I guess, tough cheese.

The shoe is on the other foot.

Edited by Stirlingsays (29 Jul 2023 4.02pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Teddy Eagle Flag 29 Jul 23 3.59pm

Originally posted by Wisbech Eagle

You don't seriously believe that do you!

I have opened a NatWest account today to show solidarity with them. Well actually, no. I did it because their rates are highest.

Opened an account at the same bank as Nigel Farage? Just for financial gain? OK.

 

NEILLO Flag Shoreham-by-Sea 29 Jul 23 4.00pm

Originally posted by Wisbech Eagle

No need to check. I know what I wrote and have said that I regarded your criticism as being pedantic as it's really obvious what was meant. There is no valid freedom of speech argument. There is merely freedom of speech arguing. As I have already explained.

With your background, you will be better able to understand the points being made and may well be correct that they will decide to revise their approach, for no other reason than the need to repair their imagine.

Of course no need to check but you have contradicted yourself.

And you’re doing it again with your “ no valid freedom of speech “ argument- I think you’ll find there is but I don’t think you’ll bother looking because you refuse to see it. It’s just your opinion which you continue to present, incorrectly, as fact.

 


Old, Ungifted and White

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 4.05pm

Originally posted by Teddy Eagle

Coutts thought being associated with Farage was bad for how they might be perceived.

[Link]

Farage does his thing openly. What the Guardian reports is a sophisticated criminal money laundering scheme which requires thorough investigation by specialists. That's the job of the police or financial authorities and probably beyond the capacity of any individual bank. Their role would be limited to reporting suspicious activity. Who knows if they did?

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Yellow Card - User has been warned of conduct on the messageboards georgenorman Flag 29 Jul 23 4.06pm

Originally posted by Wisbech Eagle

There is only one fact in the above. Which is that unfortunately, you don't know what you are talking about. If you haven't worked it out by now, you never will.

As anything else I could say would rival you for rudeness I will leave it there.

Still you avoid answering the question of how was Farage hypocritical in relation to the Coutts affair. How have I been rude in trying to get you to answer a simple question.

 

Teddy Eagle Flag 29 Jul 23 4.10pm

Originally posted by Wisbech Eagle

Farage does his thing openly. What the Guardian reports is a sophisticated criminal money laundering scheme which requires thorough investigation by specialists. That's the job of the police or financial authorities and probably beyond the capacity of any individual bank. Their role would be limited to reporting suspicious activity. Who knows if they did?

If they reported it then the fine they received was a bit harsh.
The point being why should their reputation suffer more from association with Farage than from money laundering billions for Russian criminals?

 

Wisbech Eagle Flag Truro Cornwall 29 Jul 23 4.10pm

Originally posted by NEILLO

Of course no need to check but you have contradicted yourself.

And you’re doing it again with your “ no valid freedom of speech “ argument- I think you’ll find there is but I don’t think you’ll bother looking because you refuse to see it. It’s just your opinion which you continue to present, incorrectly, as fact.

Contradiction will only be seen by a pendant, to whom I have explained. Others will understand from the start what was meant.

Perhaps you would like to explain precisely which way Farage's freedom of speech has been curtailed by this event?

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

NEILLO Flag Shoreham-by-Sea 29 Jul 23 4.11pm

Originally posted by Wisbech Eagle

You don't seriously believe that do you!

I have opened a NatWest account today to show solidarity with them. Well actually, no. I did it because their rates are highest.

Interesting given that Alison Rose was the only bank CEO to decline to discuss savings rates when invited by the Treasury Select Committee in February

 


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