Please no more Coutts and Farage…
The great cry is that woke banking is over and Nigelgate will surely mark the apex in corporate wokeism. Dream on!
Menu
The great cry is that woke banking is over and Nigelgate will surely mark the apex in corporate wokeism. Dream on!
The groupthink that gripped NatWest – and its Coutts subsidiary – is exercising an equally powerful influence across every sphere of capitalist endeavour.
While refusing to step down, the NatWest chairman has promised an independent review into the handling of Nigel Farage’s accounts – something it should have announced weeks ago.
The Nigel Farage debanking scandal claimed a second scalp today: Peter Flavel, the CEO of Coutts.
The Farage-Coutts fiasco has highlighted the wider problem of debanking.
Keir Starmer has been wise to stand firm against the scandal of political debanking. The same cannot be said for all of his top team.
Davies as well as Coutts’ CEO Peter Flavel and the deeply implicated Camilla Stowell must all go if there is to be the slightest prospect of rehabilitating NatWest in the eyes of investors.
Despite a flurry of apologies, Farage is still committed to discovering “the absolute truth” of what he calls a “national scandal”.
Existing UK banking law bans discrimination of any kind, including over beliefs.
Subscribe to Reaction and receive unlimited access to the site, our daily email with analysis every evening and invites to online events.
© Copyright 2024 Reaction Digital Media Limited – All Rights Reserved. Registered Company in England & Wales – Company Number: 10166531.
