A city expert has suggested that the Nigel Farage Banking Scandal involving Royal bank Coutts could have wider implications for other banks. Philip Augar believes that the "full picture" is yet to emerge following the closure of Farage's accounts due to his views not aligning with the bank's values. The documents obtained by Farage contradict claims that his account was closed due to insufficient wealth, and instead state that he met the economic contribution criteria. Augar criticized the media for initially accepting the bank's explanation and stated that banks should not be able to refuse service based on political views.

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