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Post by politician2 on Jul 21, 2023 14:28:34 GMT
Either way, under UK law, there’s nothing illegal about their decision No, and nor should there be. Private corporations have the right to do business or not with anyone they choose (unless on the basis of a protected characteristic) and that's absolutely correct. But that doesn't alter the fact that Coutts have behaved shabbily in my opinion, though I get the impression that the malaise runs all the way through NatWest. It's a shame, as Coutts were an excellent bank when I had my account with them and used to go the extra mile for all their customers, not just the ones adding the most to the bottom line. |
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Post by Lord Emsworth on Jul 21, 2023 15:13:03 GMT
Advanced capitalism innit
Customer loyalty is a thing of the past
Apparently that mindset particularly applies when said customer is a “disingenuous grifter” who promotes “xenophobic, chauvinistic and racist views”
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Post by politician2 on Jul 21, 2023 15:39:41 GMT
Customer loyalty is a thing of the past Apparently that mindset particularly applies when said customer is a “disingenuous grifter” who promotes “xenophobic, chauvinistic and racist views” Seems it applies generally with NatWest, as my experiences attest – the staff (including the private bankers) now seem to think that their job is to represent the bank's interests to the customer, not the other way round. Hence I'm no longer with them. |
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Post by doug61 on Jul 22, 2023 8:49:55 GMT
How so? Because it doesn't want this man as a customer?.... Because it decided to end a relationship with a long-standing customer (since the 1980s) the instant it had extracted the last serious money from him (i.e. when his mortgage was repaid). Was the perfect time, they had a legitimate excuse to get rid of someone who was potentially a risk, I think it's a bit naive that anyone thought differently. His political party and links with people like Aaron Banks (appropriate name) was always going to be potentially difficult for the bank. |
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Post by zeopold on Jul 22, 2023 21:28:07 GMT
Business is business. lol ...that the bank (which in my experience used to be excellent) has fallen a long, long way. I can see how the rich folks' bank being sucked into a woke vortex can set teeth on edge in certain quarters. |
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Post by politician2 on Jul 22, 2023 22:10:52 GMT
...that the bank (which in my experience used to be excellent) has fallen a long, long way. I can see how the rich folks' bank being sucked into a woke vortex can set teeth on edge in certain quarters. It's not so much the wokeness (though I fail to see why a bank needs a sociopolitical stance in the first place) as the booting out of long-standing customers the moment it thinks it's bled them dry. |
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Post by zeopold on Aug 8, 2023 10:52:30 GMT
I can see how the rich folks' bank being sucked into a woke vortex can set teeth on edge in certain quarters. the booting out of long-standing customers the moment it thinks it's bled them dry. Likesay, business is business... somewhat ironic to see rightists moaning about that. |
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Post by politician2 on Aug 8, 2023 13:48:34 GMT
Likesay, business is business... somewhat ironic to see rightists moaning about that. It is, yes, as I've acknowledged a couple of times in this thread. But sometimes doing good business isn't always about maximising short-term profit and Coutts has done itself a great deal of damage by trying to kick Farage (a client for 35-odd years) to the kerb the instant he ceased to be useful to the bottom line. |
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Post by zeopold on Aug 8, 2023 14:05:53 GMT
Likesay, business is business... somewhat ironic to see rightists moaning about that. Coutts has done itself a great deal of damage Nobody who knows right from wrong will be shedding any tears over the toffs' bank shooting themselves in the foot. |
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Post by politician2 on Aug 8, 2023 14:37:10 GMT
Not sure what "right" or "wrong" has to do with it, but I have no sympathy for them either. They made a bad decision and it came back to bite them on the arse.
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Post by Lord Emsworth on Aug 8, 2023 21:04:30 GMT
Farage is a wrong un and they didn’t want to be associated with him
Surely their prerogative?
If I ran a bank I’d feel the same
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Post by Lord Emsworth on Aug 8, 2023 21:04:49 GMT
Farage is a wrong un and they didn’t want to be associated with him
Surely their prerogative?
If I ran a bank I’d feel the same
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Post by zeopold on Aug 8, 2023 21:26:23 GMT
Farage is a wrong un and they didn’t want to be associated with him They can't have their cake and eat it. They do business with loads of evil c***s. The only qualification to bank with them is loads of £££. |
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Post by Lord Emsworth on Aug 9, 2023 5:29:35 GMT
Is it though?
I really don’t know
Why then make such a fuss about NF?
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Post by politician2 on Aug 9, 2023 11:07:25 GMT
Is it though? I really don’t know Why then make such a fuss about NF? I suspect that Farage experienced the "perfect storm". He was about to stop being profitable to the bank and they didn't particularly like his politics. Either of those things individually might not have triggered his removal, but together provided Coutts with the justification it felt it needed to remove him. |
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