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Brexit campaigner Nigel Farage and NatWest settle 'debanking' dispute
Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
Nigel Farage and NatWest have confidentially settled their dispute over the closure of Farage's accounts, ending a politically charged issue that led to significant repercussions for NatWest.
(Reuters) -Eurosceptic UK politician Nigel Farage and NatWest Group have settled their dispute over the bank's handling of a decision to close Farage's accounts, according to a joint statement released on Wednesday.
The terms of the settlement were confidential, the statement said, putting an end to a nearly two-year politically-charged dispute with the Reform UK party leader that cost NatWest its former CEO Alison Rose, prompted a review and attracted regulatory scrutiny.
Last year, Britain also proposed a law that required banks to give customers a three-months notice and an explanation before closing their accounts.
Terminating banking services became a political issue after Farage, who did more than anyone else to force Britain's 2016 Brexit vote on leaving the European Union, said his account at NatWest-owned private bank Coutts was closed due to his political views.
(Reporting by Unnamalai L and Pushkala Aripaka in Bengaluru and Sinead Cruise in London; Editing by Alan Barona)
The article discusses the settlement between Nigel Farage and NatWest over the closure of Farage's accounts, a politically charged issue.
The dispute was significant due to its political implications and the resignation of NatWest's former CEO, Alison Rose.
Britain proposed a law requiring banks to give customers three-months notice and an explanation before closing accounts.
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