A UK banking chief has apologized to populist politician Nigel Farage after his account with the prestigious bank Coutts was closed because of his political beliefs.
Her statement came after Britain's Treasury announced Thursday that U.K. banks will be subject to stricter rules over closing customers' accounts under changes designed to protect freedom of expression.
Banks will have to explain why they are shutting down someone's account under the new rules and give 90 days' notice for such account closures. They previously have not had to provide a rationale for doing so. Nigel Farage spoke with Fox News Digital on a range of topics regarding the current and potential political landscape of the United Kingdom.
The changes are intended to boost transparency for customers, but will not take away a banking firm's right to close accounts of people deemed to be a reputational or political risk.CLICK HERE TO GET THE FOX NEWS APP "Well, of course in life, it's always good to get an apology. So thank you, Dame Alison Rose for apologizing. But I can't help feeling that the Treasury statement that preceded what you put out and what I've actually been told, quietly privately, is that you were forced into doing this by the Treasury. But at least you've done it, I suppose," Farage said.
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