Nigel Farage and NatWest settle 'debanking' dispute

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Nigel Farage and NatWest settle 'debanking' dispute

//business-finance.news-articles.net/content/202 .. farage-and-natwest-settle-debanking-dispute.html

Published in Business and Finance on Wednesday, March 26th 2025 at 13:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Eurosceptic UK politician Nigel Farage and NatWest Group have settled their dispute over the bank's handling of a decision to close Farage's accounts, the two parties said in a joint statement on Wednesday.

Nigel Farage, the former Brexit Party leader, and NatWest Group have settled a dispute over the closure of his bank accounts by the bank's private banking arm, Coutts. The settlement was announced on March 26, 2025, and includes NatWest covering Farage's legal costs and making an "appropriate" financial settlement. The controversy arose when Farage's accounts were closed, which he claimed was due to his political views, leading to a significant public and regulatory backlash. Following the incident, NatWest's CEO Alison Rose resigned after admitting to discussing Farage's banking relationship with a BBC journalist. The settlement aims to resolve the matter amicably, with both parties expressing a desire to move forward.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/nigel-farage-natwest-settle-debanking-dispute-2025-03-26/ ]

Publication Contributing Sources

Reuters

N🟁N

Nigel Farage and NatWest settle 'debanking' dispute