Travers Smith has been appointed by U.K. banking giant NatWest to conduct an investigation into the account closure arrangements at Coutts, after the bank closed ex-politician Nigel Farage account earlier in the month.
In a statement, the bank, which owns Coutts—which has a wealthy clientele—outlined the three aims of the review, which included an external investigation into “the decision” to close Farage’s accounts, a review into how the Natwest group handled media proceedings and, finally, a look at other account closures over the preceding 24 months.
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