NatWest Review Finds No Political Discrimination in Coutts Account Closures

The bank could improve its communication with customers, and the government plans to change banking laws in response to the issue.

NatWest's review into the closure of Coutts' customer accounts found no evidence of discrimination based on political views.
The review, conducted by law firm Travers Smith, examined 84 account closures, including those of politically exposed persons (PEPs).
Coutts, a private bank for the wealthy owned by NatWest, closed about 900 accounts over a two-year period.
The review found that the bank could improve the way it communicates account closures to customers.
The government is planning to change the law to treat UK-based PEPs as lower risk than those from overseas and extend the notice period that banks must give customers before an account is closed.