Banking

Nigel Farage to bank with Lloyds after Coutts account closure


He told the The Telegraph: “Lloyds Bank has offered me banking facilities and I have to say, having been rejected by 10 banks, it is just nice to know that there is a high street lender that doesn’t suffer from political prejudice.

“I have spent countless hours on phone calls and in face-to-face meetings and there was a point where I really thought nobody would bank me at all – I tried everyone.

“So I now understand what so many other people and businesses have been through in the last few years. It is astonishing.”

Lloyds currently controls The Telegraph following a dispute with the Barclay family, which had owned the publisher for almost two decades.

A spokesman for Lloyds said: “We do not comment on customer relationships.”

The Financial Conduct Authority last month published its interim findings in a review of debanking after Chancellor Jeremy Hunt demanded that the regulator look into the issue.

But to the dismay of Mr Farage, Conservative MPs and some Government ministers, the City watchdog said it found “no evidence” customers had been debanked for their political views.

This was despite the regulator’s admission that it had not examined Mr Farage’s case at Coutts.

It also did not seek evidence from those who actually claim to have been debanked, relying only on submissions from banks themselves.

Mr Farage added: “I am sorry, but I could give you a dozen members of the House of Lords, right now – or their family members – who have had banking problems, and the same goes for MPs.

“The FCA review has been a complete farce.”

Nikhil Rathi, the FCA’s chief executive, has previously defended the report, stressing that the watchdog is committed to conducting further work on the issue.



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