Lloyds Banking Group PLC (LSE:LLOY) is the new home for some of the bank accounts of Nigel Farage, the former UKIP leader, Sky News reported.
Farage is to start banking with Britain's biggest high street lender, months after a row over the closure of his previous accounts at NatWest Group PLC (LSE:NWG) subsidiary Coutts resulted in the ousting of one of the industry's top executives.
Sky said Farage has opened a number of accounts at Lloyds Banking Group, which owns the Halifax and Lloyds networks as well as wealth management services.
Exclusive: Months after the debanking row which sparked a slew of inquiries and cost Dame Alison Rose her job as NatWest Group CEO, I can reveal that @Nigel_Farage has moved his personal bank accounts to Lloyds Britain’s biggest high street lender. https://t.co/wb6TqW70FP
— Mark Kleinman (@MarkKleinmanSky) October 13, 2023
Speaking to Sky News on Friday morning, Farage confirmed the move, saying: "After being refused banking facilities by ten lenders, I am pleased to say that Lloyds has opened accounts for me.
"It is good to see that at least one high street bank is not politically prejudiced."
The decision is said to have been approved by Lloyds executives.
The news comes ahead of the conclusion of an independent review commissioned by NatWest into the debanking scandal which engulfed it during the summer.
Travers Smith, a City law firm, has submitted a report to NatWest's board about the row which cost Dame Alison Rose her job as the bank's chief executive.