Coutts prepares to de-bank Britain
"This is a large transfer of assets from the UK to global funds, which reinforces the inexorable trend of outflows from the UK."
"This is a large transfer of assets from the UK to global funds, which reinforces the inexorable trend of outflows from the UK."
Coutts closed about 900 accounts over a two-year period, including those of politicians known as politically exposed persons (PEPs).
Byline Times' three-year investigation into his former colleague Dan Wootton, meanwhile, didn't make it in.
It follows the resignation of chief executive Dame Alison Rose in the early hours of Wednesday.
The former UKIPer was dubbed a ‘racist’, ‘xenophobic’ and ‘disingenuous grifter’ in a leaked Coutts memo.
The former Ukip leader said he obtained a report by the prestigious private bank’s reputational risk committee.
Clients are required to have assets of at least £1 million to bank with Coutts, which lists the British Royal Family among its members.
Harry Keogh left the Queen’s bank in 2018 after he was accused of touching a female colleague inappropriately - and boasting about his sexual exploits.
Wendy Craig is among a group of 30 to have accused South Devon builder Steven Grant.
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© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.
© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.