FCA probe finds no proof of de-banking politicians - reports

Following Farage's accusations

The Financial Conduct Authority has found no examples of politicians being refused bank accounts on the grounds of their political views, according to reports citing people familiar with the matter.

The City watchdog began its review into de-banking in August, following accusations by Nigel Farage that private bank Coutts was closing his accounts due to his political stances. FCA begins investigation into bank's 'politically exposed persons' procedures Similar complaints from other politicians followed, and the FCA was forced by the government to undertake a review. The FCA is due to reveal its findings today (19 September), but people familiar with the matter told the Financial Times these would show no examples of political opinions being the main reason for a bank to close ...