UK Implements Stricter Rules for Bank Account Closures Following Blacklisting Complaints
Banks in Britain will be forced to explain and delay any decision to close an account under new rules announced by the finance ministry on Thursday.
The government has been looking into concerns that banks are blacklisting certain customers over their political views, after individuals including leading Brexiteer Nigel Farage said their access to finance was being cut.
The CEO of British state-backed bank NatWest (NWG.L), Alison Rose, wrote to Farage on Thursday to apologise for his treatment by its private bank Coutts, after a 40-page review of his account containing extensive criticism of his views was reported by UK media.
Read More : UK Implements Stricter Rules for Bank Account Closures Following Blacklisting Complaints
