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Farage in 2018. In June 2023, the private bank Coutts closed the account held by the British politician and broadcaster Nigel Farage, triggering controversy. NatWest, the owner of Coutts, initially claimed that he failed to meet the Coutts eligibility criteria of holding £1,000,000 or more in his account, following the expiry of his mortgage.
Issues in political scandals have included alleged or proven financial and sexual matters, [1] or various other allegations or actions taken by politicians that led to controversy. [2] [3] [4] In British media and political discourse, such scandals have sometimes been referred to as political sleaze since the 1990s. [4]
The Bank of England, led by Jasper Hollom, [1] conducted negotiations resulting in bail-outs of around 30 of the smaller banks and intervened to assist some 30 others. While all of the banks were left able to pay depositors, the Bank of England lost an estimated £100 million. [ 2 ]
The Bank of England came to the rescue on Sunday 10 January, allowing anyone who wished to withdraw specie from the bank to do so. Many British merchants quickly sent money to their ailing Dutch correspondents. [26] The strain upon the reserves of the Bank of England was not eased until towards the end of 1773.
London: Bank of England. Archived from the original (PDF) on 21 July 2021 – via Association for Accountancy & Business Affairs. The so-called "Sandstorm report" produced by the liquidator Price Waterhouse for the Bank of England. The UK Government spent 20 years attempting to suppress parts of the document; these are highlighted in red boxes ...
The Bank Rate had been increased in September 1957, but rumours rapidly circulated around the City of London that some financiers - who simultaneously held positions within the Bank of England and within private financial companies - took advantage of advance warning of the rate rise to sell gilt-edged securities ahead of the public announcement.
Scandals in England (2 C, ... 2007 British premium-rate phone-in scandal; 2007 royal blackmail plot; ... Nigel Farage Coutts bank scandal; T.
The Libor scandal was a series of fraudulent actions connected to the Libor (London Inter-bank Offered Rate) and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world.