Sex workers are the forgotten victims of debanking Opinion Banks are systematically discriminating against sex workers and putting them at risk of doxxing, financial exploitation and violence, says Jessica Van Meir A new Financial Conduct Authority report has slipped out quietly, addressing concerns around debanking, and containing a pretty revolutionary admission. The City watchdog says banks are systematically denying or terminating accounts to adult entertainment businesses, [...]
FCA urges banks to improve treatment of politicians after Farage debanking row Banking Over the last few months the Financial Conduct Authority (FCA) has been reviewing the treatment of so-called politically exposed persons (PEPs) after the debanking brouhaha last year.
Dame Alison Rose takes first job since leaving Natwest after Nigel Farage debanking storm Banking Dame Alison Rose has taken up her first job since leaving Natwest last year in the aftermath of the Nigel Farage debanking storm over his Coutts account.
Ex-Bank of England economist claims he was ‘debanked’ like Nigel Farage May 9, 2024 Ex-Bank of England economist Andy Haldane has said he was refused a bank account because of his "political" connections, comparing himself to Nigel Farage, as MPs criticise lenders for "debanking" individuals due to reputational concerns.
Natwest shareholders approve proposal to buy back 15 per cent of shares from government April 23, 2024 Natwest shareholders have approved the bank's proposal to buy more of its stock from the government to accelerate its privatisation, potentially leaving the Treasury with fewer shares to offer retail investors.
Business ‘debanking’ complaints nearly double in a year as MPs warn of ‘unfair’ account closures April 22, 2024 The number of official complaints over business "debanking" has almost doubled in the last year, new figures show, as MPs accuse lenders of "unfairly" closing customers' accounts.
City minister: Debanking trend is a ‘great business opportunity’ for newer lenders February 28, 2024 City minister Bim Afolami has told MPs that big banks closing high numbers of small firms' accounts offers "great business opportunities" for newer lenders with different risk appetites.
More than 140,000 small business accounts were ‘debanked’ last year February 27, 2024 Big banks closed just under 142,000 small business accounts last year, according to the Treasury watchdog, as MPs scrutinise lenders' approaches to "debanking".
Debanking: First Farage, now London sex workers in bid to end ‘Victorian age’ lending February 22, 2024 London campaigners are urging the government and mayoral candidates to help drag the capital out of a “Victorian age” of banking.
Revolut account closure lawsuit from late Russian oligarch’s son-in-law struck out by High Court January 25, 2024 A High Court judge has struck out a case brought by the son-in-law of a late Russian oligarch against Revolut for "unlawfully" closing his account.