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Coutts faces a new row as it plans to move £2bn out of the City
May 02, 2024
|Evening Standard
ROYAL bank Coutts faces another row after it revealed plans to shift an estimated £2 billion of clients' funds out of the London stock market into foreign company shares, in another blow for the City.
The bank, founded in 1692 and still almost 30 per cent owned by the taxpayer, told clients earlier this week that its "home bias" towards British company shares was an "anachronism" that needed "funadamental change". The move risks another damaging public row following the "debanking" scandal around former Brexit Party leader Nigel Farage, right.
هذه القصة من طبعة May 02, 2024 من Evening Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Evening Standard
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