Posted on 07/26/2023 3:49:28 PM PDT by george76
LONDON, NatWest CEO Alison Rose stepped down with immediate effect on Wednesday after she admitted to a "serious error of judgment" in discussing former Brexit party leader Nigel Farage's relationship with the bank with a BBC journalist.
...
NatWest has faced intense political and media scrutiny over a decision by its private bank Coutts to close Farage's accounts. An internal review .. showed Coutts' wealth reputational risk committee had said his values did not align with the bank's own.
...
Some major NatWest investors are also applying pressure on the bank's chair Howard Davies to step down for mishandling the fallout, including saying Rose had the board's "full confidence" hours before she stepped down
...
Farage called for further heads to roll in the wake of Rose's resignation.
"Others must follow," he said. I hope that this serves as a warning to the banking industry," he said, pledging to speak up for other people who had their accounts shut down.
NatWest shares were down 4% at 1358 GMT, the biggest faller in the FTSE 100 index.
A government official told Reuters ministers had been unhappy with the way Rose behaved and she did "the right thing" by resigning. NatWest remains 39% owned by taxpayers following its bailout in the 2008-9 financial crisis.
"I hope the whole financial sector learns from this incident. Its role is to serve customers well and fairly - not to tell them how or what to think," said financial services minister Andrew Griffith on the X platform.
...
no-one should be refused banking services over their political views.
Data regulator the Information Commissioner's Office also said on Wednesday it had written to banks to remind them of their responsibilities to the public.
"Nigel Farage's experience shows why data protection rights remain so important,"
(Excerpt) Read more at reuters.com ...
JP Morgan Chase has terminated a number of bank accounts associated with Florida-based health retailer, Mercola Market, along with the personal accounts of its employees and their families. The firm’s owner, Dr. Joseph Mercola, is known for his criticism of the vaxx.
https://reclaimthenet.org/chase-bank-shuts-mercola-accounts
Was she fired for speaking about it?
Nigel Farage’s bank accounts were closed down after Coutts decided his views “do not align with our values” .. the Vaxx, Support for Trump , views on immigration, and ..
https://freerepublic.com/focus/f-news/4168760/posts
>>after she admitted to a “serious error of judgment” in discussing former Brexit party leader Nigel Farage’s relationship with the bank
So, nobody has been fired for what they did to Farage. She stepped down only because she talked about it with a reporter.
Yep. It’s not about what they did. It’s that they got caught. It’s going to get much much worse.
Bkmk
this story is not just about Farage.
he claims more than 10,000 people who have been de-banked have contacted a website he has set up, which shows them how to request their bank’s reports on them. many have been de-banked, apparently, because they use CASH in some of their business dealings. Farage expects the number could reach tens of thousands.
this is about CBDCs, the cashless society, and much more.
GBNews, where Farage has a show, has been promoting a petition called “DON’T KILL CASH”, which is something the public worldwide needs to get behind, or start something similar. be pro-active, not re-active.
good time to keep up with the reporting on this matter on GB News:
Youtube: GBNews
https://www.youtube.com/c/GBNewsOnline/videos
The first rule of Cancel Club is: you do not talk about Cancel Club.
The second rule of Cancel Club is: you DO NOT talk about Cancel Club!
Third rule of Cancel Club: if someone yells “stop!”, goes limp, or taps out, the cancellation has only just started.
“It’s going to get much much worse.”
Word! The Fednow debut is underway!
Here’s CNN’s puff piece on the deal, detailing its many benefits.
another affirmative action CEO ...
Yes more will come related to FedNow and CBDC an expected outgrowth.
Fed NOW (Services)
https://www.frbservices.org/financial-services/fednow/organizations (Jul 23, 2023)
FedNow coming in July: It is a ‘slippery slope’ to an ‘evil’ CBDC – Rich Checkan
https://www.youtube.com/watch?v=hyWm_SVNYNM
U.S. will be forced into a CBDC to keep USD’s reserve currency status (May 2, 2023)
https://apnews.com/article/fact-check-banking-federal-reserve-fednow-429714320991
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.