Farage

[JP_]

It's just another stupid story. Apparently, Farage's account was closed because the contract ended - it was a mortgage and it was paid off?

“The criteria for holding a Coutts account are clear from the bank’s website,” adding that Coutts “requires its customers to borrow or invest at least £1m with the bank or hold £3m in savings”. Link.

Some think it is all a big scam to make money on shorting Natwest stocks. Farage's GB News boss is (was?!?) a big investor in Natwest, and is making a mint on its downturn, fuelled by Farages hissyfit. another link

Bottom line - a load of nonsense designed to make he rich richer and fools angrier.

 

[Deleted member 294929]

It's just another stupid story. Apparently, Farage's account was closed because the contract ended - it was a mortgage and it was paid off?

“The criteria for holding a Coutts account are clear from the bank’s website,” adding that Coutts “requires its customers to borrow or invest at least £1m with the bank or hold £3m in savings”. Link.

Some think it is all a big scam to make money on shorting Natwest stocks. Farage's GB News boss is (was?!?) a big investor in Natwest, and is making a mint on its downturn, fuelled by Farages hissyfit. another link

Bottom line - a load of nonsense designed to make he rich richer and fools angrier.

I might buy some shares tomorrow.

 

[Deleted member 294929]

It's just another stupid story. Apparently, Farage's account was closed because the contract ended - it was a mortgage and it was paid off?

If this was so, why was there resignations?

 

[transam]

If this was so, why was there resignations?

Exactly

The brexit / farage haters seem to ignore 2 resignations and several apologies

 

[carmanmemoranda]

If this was so, why was there resignations?

It's a 2 part story.

Some political, some financial.

The political part doesnt ( or shouldnt) take precedence over the financial part.

 

[Deleted member 294929]

Exactly

The brexit / farage haters seem to ignore 2 resignations and several apologies

And the BBC making light of it.

 

[motorbiking]

https://twitter.com/x/status/1684608675317415957

How would he know who is shorting.

 

[Deleted member 294929]

It's a 2 part story.

Some political, some financial.

The political part doesnt ( or shouldnt) take precedence over the financial part.

I'll Try to make what I will of that in the morning after a cold shower and a coffee made with Love

 

[carmanmemoranda]

I'll Try to make what I will of that in the morning after a cold shower and a coffee made with Love

Make of it what you want, when you want.

It's an overall picture that's needed, not just a snapshot of 1 view

 

[transam]

Others will probably resign from Nat west

The Over paid Woke pencil pushers and paper shufflers have been called out

 

[motorbiking]

I don't want a hint, I want you to say what, in your opinion, are his grounds for a claim for damages.

The legal wrong. Or are you asking quantum?

Being caused distress, repetitional damage, being put to great effort to uncover the truth. Etc.

Having to make good the loss of facility.

It does not matter that you think his reputation was trash to start with, that is not how it works.

 

[fillyboy]

How would he know who is shorting.

Just had a look at short interest tracker, only 1 declared interest, it's a big short at 0.59%, anything under 0.5% isn't listed so doubtless there are substantial number of shorts below 0.5%

Short Interest Tracker - NATWEST GROUP PLC

Track short positions in UK listed companies. Track positions by fund manager or by company

shorttracker.co.uk

 

[motorbiking]

They seem to have predicted this. Several years before it happened.

 

[fillyboy]

They seem to have predicted this. Several years before it happened.

And look to have been winding their position down since June. Another desperate non story.

 

[denso13]

How would he know who is shorting.

Do you think it is wrong?

Anti-woke billionaire nets millions from NatWest debacle

Marshall Wace started shorting the bank’s stock amid global banking jitters earlier this year

www.telegraph.co.uk

GB News owner makes millions after shorting NatWest stock

GBeebies reported today that NatWest's share price has dropped to bottom of the FTSE following the Nigel Farage row.

www.thelondoneconomic.com