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Debanking: The New Risk in Finance
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Debanking: The New Risk in Finance
When I was working offshore, each day, I would walk past the entrance of Coutts Private Bank in Jersey. It was a reminder of the exclusive banking options some wealthy islanders enjoyed. Coutts has been providing banking services since 1692. It is the bank of the British Royal Family. Homeless man outside Coutts, London. Source: Image by Kev from Pixabay In June 2023, Coutts Private Banking closed the account of Nigel Farage. The reason? H…
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