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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.
The NatWest One account is a secured personal account with the Royal Bank of Scotland. NatWest Insurance Services acts as intermediary and broker for general insurance, policies are underwritten by UK Insurance Limited. Life Protector and Guaranteed Bond products are provided by National Westminster Life Assurance. [87]
National Westminster Bank USA, commonly known as NatWest USA, was a wholly owned subsidiary of National Westminster Bank in the United Kingdom from 1983 to 1996. Formed as the National Bank of North America in 1905, the U.S. retail banking operation was sold to Fleet Financial Group in 1996.
On 3 July RBS admitted that some RBS and NatWest personal loan borrowers had accidentally been charged twice and newspapers advised RBS customers to check their balances. [16] Customers of Ulster Bank were still having problems accessing cash on 2 July and the bank admitted that they did not know when customers would be able to access cash. [17]
From January 2003, the company relaunched as 'The One account' when The Royal Bank of Scotland took a majority shareholding, becoming an RBS mortgage brand along with NatWest and First Active. The One account is operated directly by phone, internet and post, with the customer service originally being provided on a 24/365 basis, but has since ...
But decision to shut down Mr Farage’s bank account was lawful, an independent review finds
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