Debanking
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Cousin Jack
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Re: Debanking
Goes with the territory. If you were that dissenting, ie you really thought the CEO was a diasaster waitimg to happen, you would resign and walk away
Cornish Tart #1
Remember An Gof!
Remember An Gof!
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Count Steer
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Re: Debanking
Sooooo....your answer to a democratic vote that doesn't go in your favour is to leave, right?.......Cousin Jack wrote: ↑Fri Nov 10, 2023 8:48 pm Goes with the territory. If you were that dissenting, ie you really thought the CEO was a diasaster waitimg to happen, you would resign and walk away
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
But certainty is an absurd one.
Voltaire
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Cousin Jack
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Re: Debanking
Not quite. Lots of decisions I could (and do) live with, but an out-of-control CEO would make me want to put distance between me and the train crash.
Cornish Tart #1
Remember An Gof!
Remember An Gof!
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Mussels
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Re: Debanking
Shareholders* have power over how the company is run so if the management break the law it's right for the company to be fined, some incentive for shareholders to keep management in check.
* Some more than others.
* Some more than others.
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Noggin
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Re: Debanking
Worked for meCount Steer wrote: ↑Fri Nov 10, 2023 8:50 pmSooooo....your answer to a democratic vote that doesn't go in your favour is to leave, right?.......Cousin Jack wrote: ↑Fri Nov 10, 2023 8:48 pm Goes with the territory. If you were that dissenting, ie you really thought the CEO was a diasaster waitimg to happen, you would resign and walk away
Life is for living. Buy the shoes. Eat the cake. Ride the bikes. Just, ride the bikes!! 
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Count Steer
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Re: Debanking
True dat. It's my own argument for water companies being publically quoted companies....so I can't argue.
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
But certainty is an absurd one.
Voltaire
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Taipan
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Re: Debanking
Apparently, Farage will start formal proceedings for damages against Nat West/Coutts next week. The claim is thought to be worth millions, or a former executive's original payout! 
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Yambo
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Re: Debanking
You mean NatWest will give him enough money for him to qualify for a Coutts account?
How ironic.
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DefTrap
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Mr. Dazzle
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Re: Debanking
If Coutts/Natwest have breached GDPR be revealing Farage's personal info - I'm not saying they have BTW, but it looks reasonably likely - then any pay out he'd get is peanuts in comparison to the fines they face! Maximum fine is £17.5 million or 4% of annual turnover, whichever is greater.
If you're talking just Coutt's that'd be up to £40 million fine, if you widen it to all of Natwest it's >£600 million
I imagine it's that ^^^, in combination with the exit of a proven profit making CEO, which caused the share price to drop more than anything.
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Count Steer
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Re: Debanking
His reputation?
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
But certainty is an absurd one.
Voltaire
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cheb
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Re: Debanking
If it drops far enough they could be taken back into public ownership. Again.Mr. Dazzle wrote: ↑Sat Nov 11, 2023 8:10 pmIf Coutts/Natwest have breached GDPR be revealing Farage's personal info - I'm not saying they have BTW, but it looks reasonably likely - then any pay out he'd get is peanuts in comparison to the fines they face! Maximum fine is £17.5 million or 4% of annual turnover, whichever is greater.
If you're talking just Coutt's that'd be up to £40 million fine, if you widen it to all of Natwest it's >£600 million
I imagine it's that ^^^, in combination with the exit of a proven profit making CEO, which caused the share price to drop more than anything.
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Taipan
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Re: Debanking
So Farage could debank the bank!cheb wrote: ↑Sun Nov 12, 2023 10:47 amIf it drops far enough they could be taken back into public ownership. Again.Mr. Dazzle wrote: ↑Sat Nov 11, 2023 8:10 pmIf Coutts/Natwest have breached GDPR be revealing Farage's personal info - I'm not saying they have BTW, but it looks reasonably likely - then any pay out he'd get is peanuts in comparison to the fines they face! Maximum fine is £17.5 million or 4% of annual turnover, whichever is greater.
If you're talking just Coutt's that'd be up to £40 million fine, if you widen it to all of Natwest it's >£600 million
I imagine it's that ^^^, in combination with the exit of a proven profit making CEO, which caused the share price to drop more than anything.
