• Login
  • Register
The Daily Sceptic
No Result
View All Result
  • Articles
  • About
  • Archive
    • ARCHIVE
    • NEWS ROUND-UPS
  • Podcasts
  • Newsletter
  • Premium
  • Donate
  • Log In
The Daily Sceptic
No Result
View All Result

NatWest Shares Plunge as Watchdog Launches Review Over Farage Debanking Failings

by Will Jones
27 October 2023 7:00 PM

The crisis at NatWest has deepened after a profit warning sent shares in the taxpayer-owned lender plunging and the City watchdog launched a review into its handling of the Nigel Farage debanking fiasco. The Telegraph has more.

Shares in the high street bank fell by as much as 18% in early trading on Friday – their biggest same-day drop since the result of the Brexit referendum was revealed in June 2016.

It came as NatWest reels from a row over its decision to close bank accounts held at Coutts by Mr. Farage, the Brexit campaigner turned GB News presenter.

On Friday, the pressure ramped up further as the bank slashed its profit margin guidance and the Financial Conduct Authority said it was opening an investigation into the handling of the Farage scandal.

Richard Hunter, of Interactive Investor, said: “The market is taking no prisoners in this reporting season and NatWest shares have again been pounded in opening exchanges.”

Once again: go woke, go broke.

Worth reading in full.

Stop Press: Gordon Rayner sets out the “laughable” discrepancies in the Farage debanking “whitewash” review by law firm Travers Smith.

Tags: Cancel CultureCouttsDebankingGo woke go brokeNatWestNigel Farage

Donate

We depend on your donations to keep this site going. Please give what you can.

Donate Today

Comment on this Article

You’ll need to set up an account to comment if you don’t already have one. We ask for a minimum donation of £5 if you'd like to make a comment or post in our Forums.

Sign Up
Previous Post

“The Covid Inquiry Isn’t Interested in the Truth About Lockdown”

Next Post

News Round-Up

Subscribe
Login
Notify of
Please log in to comment

To join in with the discussion please make a donation to The Daily Sceptic.

Profanity and abuse will be removed and may lead to a permanent ban.

12 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
FerdIII
FerdIII
1 year ago

40 % owned by the taxpayer. I hope they go teats up and that people move their money elsewhere. Their actions are criminal, immoral, if not illegal. Nigel for PM.

135
-1
Marcus Aurelius knew
Marcus Aurelius knew
1 year ago
Reply to  FerdIII

People just need to take their money out. That will do everything that’s needed. Don’t need any stupid “investigations”.

92
0
JohnK
JohnK
1 year ago
Reply to  FerdIII

Might end up being a lot more than 40% if it goes bust after a bank run, along the lines of the Northern Rock one in 2008.

40
0
huxleypiggles
huxleypiggles
1 year ago

Share price drops, taxpayers are ripped off for millions. How so bloody predictable. Insider dealing? Oh, it couldn’t possibly be so.

60
-1
Jabby Mcstiff
Jabby Mcstiff
1 year ago

Given the utter necessity of having a bank account unless you are very enterprising or belong to a subculture (certain ethnic groups prefer cash transactions as well they should) I think you could very easily make a legal argument to say that a bank account is a protected right and should be protected by law and that ‘debanking’ as it is called should be ruled completely illegal without the writ of a judge and a criminal conviction.

105
0
HicManemus
HicManemus
1 year ago

Contagion is affecting all banking shares…Time to buy, but NOT NatWest, on principle!

24
0
Monro
Monro
1 year ago

Is it just me or does Alison Rose look like Heather Hallett’s sister……

All part of the same British establishment self gratification fest.

Get those tumbrils warmed up……

34
0
Covid-1984
Covid-1984
1 year ago

Write to your MP and demand that Rose’s outrageous golden handshake of £11.3M is revoked. Crime doesn’t pay, or does it?

24
0
RTSC
RTSC
1 year ago

I don’t have a personal Nat West account to close.

I am, however, Treasurer for a Not-for-Profit ….. and am in the process of switching our bank to Lloyds.

The arrogant lefties at Nat West need to be punished. Every little helps.

26
0
Graff Frankenheim
Graff Frankenheim
1 year ago

Didn’t the FCA already conduct an investigation by asking Coutts/NatWest whether they believed there had been any improprieties (and then taking the answer as the truth)? Are they now saying that they will conduct a real investigation?

13
0
JXB
JXB
1 year ago

Directors have a duty to enhance shareholder value. 40% taxpayer owned. Why isn’t the Government suing NatWest directors on behalf of we stockholding taxpayers, for breach of fiduciary duty in that it has failed to enhance shareholder value and done the reverse?

16
0
Pembroke
Pembroke
1 year ago

As the tax payer was forced to prop them up the last time their shares took a dive how is this time good as surely we will be stuck with the bill again?

So in this case it’s “go woke go running to the treasury for more of a bung, again” unless our PM gabs it by the neck and says no more and I doubt that he will.

3
0

NEWSLETTER

View today’s newsletter

To receive our latest news in the form of a daily email, enter your details here:

DONATE

PODCAST

The Sceptic EP.37: David Frost on Starmer’s EU Surrender, James Price on Broken Britain and David Shipley on Lucy Connolly’s Failed Appeal

by Richard Eldred
23 May 2025
6

LISTED ARTICLES

  • Most Read
  • Most Commented
  • Editor’s Picks

Follow the Silenced is the Untold Story of the Covid Vaccine Trial Victims

24 May 2025
by Antony Brush

News Round-Up

25 May 2025
by Will Jones

Maternity Hospital Evacuated After Solar Panel Fire

24 May 2025
by Will Jones

Trump in Nuclear Power Push Dubbed “Manhattan Project 2”

24 May 2025
by Will Jones

Plebeians Can No Longer Rant About Bloody Murder

25 May 2025
by James Alexander

Plebeians Can No Longer Rant About Bloody Murder

45

Trump in Nuclear Power Push Dubbed “Manhattan Project 2”

31

Follow the Silenced is the Untold Story of the Covid Vaccine Trial Victims

24

News Round-Up

18

Trump Slaps 50% Tariffs on EU – as He Tells Starmer to Get Drilling for Oil

46

The Legal Case Against the AfD Has Collapsed

25 May 2025
by Eugyppius

Plebeians Can No Longer Rant About Bloody Murder

25 May 2025
by James Alexander

Follow the Silenced is the Untold Story of the Covid Vaccine Trial Victims

24 May 2025
by Antony Brush

Do Researchers’ Views on Immigration Affect the Results of Their Studies?

24 May 2025
by Noah Carl

Starmer’s EU Reset Tethers the UK to the EU’s Green Dystopia

24 May 2025
by Tilak Doshi

POSTS BY DATE

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep   Nov »

SOCIAL LINKS

Free Speech Union

NEWSLETTER

View today’s newsletter

To receive our latest news in the form of a daily email, enter your details here:

POSTS BY DATE

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep   Nov »

DONATE

LISTED ARTICLES

  • Most Read
  • Most Commented
  • Editor’s Picks

Follow the Silenced is the Untold Story of the Covid Vaccine Trial Victims

24 May 2025
by Antony Brush

News Round-Up

25 May 2025
by Will Jones

Maternity Hospital Evacuated After Solar Panel Fire

24 May 2025
by Will Jones

Trump in Nuclear Power Push Dubbed “Manhattan Project 2”

24 May 2025
by Will Jones

Plebeians Can No Longer Rant About Bloody Murder

25 May 2025
by James Alexander

Plebeians Can No Longer Rant About Bloody Murder

45

Trump in Nuclear Power Push Dubbed “Manhattan Project 2”

31

Follow the Silenced is the Untold Story of the Covid Vaccine Trial Victims

24

News Round-Up

18

Trump Slaps 50% Tariffs on EU – as He Tells Starmer to Get Drilling for Oil

46

The Legal Case Against the AfD Has Collapsed

25 May 2025
by Eugyppius

Plebeians Can No Longer Rant About Bloody Murder

25 May 2025
by James Alexander

Follow the Silenced is the Untold Story of the Covid Vaccine Trial Victims

24 May 2025
by Antony Brush

Do Researchers’ Views on Immigration Affect the Results of Their Studies?

24 May 2025
by Noah Carl

Starmer’s EU Reset Tethers the UK to the EU’s Green Dystopia

24 May 2025
by Tilak Doshi

SOCIAL LINKS

Free Speech Union
  • Home
  • About us
  • Donate
  • Privacy Policy

Facebook

  • X

Instagram

RSS

Subscribe to our newsletter

© Skeptics Ltd.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Articles
  • About
  • Archive
    • ARCHIVE
    • NEWS ROUND-UPS
  • Podcasts
  • Newsletter
  • Premium
  • Donate
  • Log In

© Skeptics Ltd.

wpDiscuz
You are going to send email to

Move Comment
Perfecty
Do you wish to receive notifications of new articles?
Notifications preferences