Nigel Farage, a right-wing British politician, has received an apology after his account with a high-end bank was closed because his views didn’t align with its “values.”

Farage—who has been a vocal supporter of cryptocurrencies and appeared at Bitcoin Amsterdam last year—claimed Coutts de-banked him because he was “xenophobic and racist.” Coutts, which counts members of the Royal Family among its clientele, had initially denied this—amid reports his balance had fallen below the minimum of £1m ($1.3m).

But Farage, who played an instrumental role in the U.K’s decision to leave the European Union, released a damning dossier that claimed he had been “canceled” by the bank because he retweeted a joke by Ricky Gervais, and was friends with tennis star Novak Djokovic.

The row speedily reached the upper echelons of British politics. The former Brexit Party leader even received support from more moderate MPs in Westminster, as well as Prime Minister Rishi Sunak.

Coutts, which was established in 1692, is owned by the NatWest Group—which remains 38.6% owned by U.K. taxpayers following the 2008 financial crisis.

In a statement, NatWest Group chief executive Alison Rose admitted “deeply inappropriate comments” about Farage were made in comments submitted to Coutts’ wealth committee.

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Author: Connor Sephton

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