All the updated news related to debanking

All the news related to debanking updated in real time

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City

NatWest says no evidence of discrimination in Coutts bank account closures

NatWest Group has said there is no evidence of discrimination due to political views in Coutts’ decision to close customer accounts, an independent review of the bank found. Coutts closed about 900 accounts over a two-year period, including those of ...

15 Dec 2023 at 11:21

City

Major UK banks shut down more accounts last year amid debanking row, bosses say

Some of the UK’s biggest banks have said they closed more accounts last year than in 2022, but that in most cases it was not because of concerns about a customer’s reputation. Barclays, Santander, Lloyds and NatWest also called on social media ...

21 Mar 2024 at 09:18

City

NatWest boss admits ‘unexpected challenges’ for bank in 2023

The chairman of NatWest has said the banking sector is “evolving rapidly” as he acknowledged that the lender faced “unexpected challenges” during 2023. Rick Haythornthwaite, who stepped into the role earlier this month, addressed the bank’s ...

23 Apr 2024 at 13:37

Hunt pledges law change to stop de-banking for ‘wrong political views’

The Government has pledged to change the law to prevent people being de-banked for having the “wrong political views”. It plans to amend existing rules to ensure banks, building societies and other financial services firms are not ...

03 Oct 2023 at 08:53

City

Ordinary people offered ‘no lifeline’ in debanking scandal, says lawyer

The UK’s financial regulator has been accused of focusing on “debanked” politicians while moving more slowly on helping around 340,000 other people whose bank accounts have been closed in the past year. On Tuesday the Financial ...

06 Sept 2023 at 11:19

‘Not that difficult’ to get on property ladder, NatWest chief claims

It is not “that difficult” to get on the property ladder in the UK, the chairman of NatWest has claimed. Sir Howard Davies, chairman of the major retail bank, said prospective buyers have to save, and that “is the way it ...

05 Jan 2024 at 13:51

UK customers being debanked over costs and reputation worries, MPs say

UK banks could be wrongly labelling customer accounts as a fraud risk to cover up concerns about costs and their reputation, a group of MPs have argued in a study into debanking. Some customers are being “wrongly ...

21 Feb 2024 at 12:42

City

Ex-NatWest boss Dame Alison Rose takes on role after quitting over debanking row

Former NatWest chief executive Dame Alison Rose has been appointed at a private equity firm nearly a year after resigning from her post at the helm of the lending giant over the Nigel Farage debanking scandal. ...

11 Jun 2024 at 16:36

Farage and NatWest agree to settle debanking dispute

Nigel Farage has agreed to settle his debanking dispute with NatWest nearly two years after a row over the closure of his accounts, which culminated in the resignation of the lending giant’s chief executive. ...

26 Mar 2025 at 18:48

City

Key findings in the Financial Conduct Authority’s debanking report

The UK’s financial watchdog has produced a report into bank account closures and access, finding that there is no firm evidence of banks closing accounts because of people’s political views. The Financial ...

19 Sept 2023 at 14:39

City

Debanking complaints surge 44% as businesses hit by account closures

Debanking complaints to the official state ombudsman have surged over the past year, amid a sharp jump in businesses facing account closures. New data published by Parliament’s Treasury Committee showed ...

22 Apr 2024 at 09:49

City

Banks must improve how they treat parliamentarians, UK watchdog says

The UK’s financial watchdog said it wants banks to improve the way they treat political figures, after being urged by the former government to look into whether people were being unfairly debanked. The ...

18 Jul 2024 at 12:50

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