The Financial Conduct Authority will today (9 August) ask the UK’s banking industry to share details on customers they have “de-banked” because of their political views.
The move comes as part of a government-ordered review into the interplay of banking services and free speech, after Chancellor Jeremy Hunt told the regulator to urgently establish how many customers had been blacklisted for their political views. This follows the recent scandal which saw Coutts, a private bank owned by NatWest, close former UKIP leader Nigel Farage's bank account. Treasury minister meets banking bosses while welcoming NatWest resignation Banks must disclose the number of accounts they have terminated or suspended or cases where they have denied services along w...
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