MP condemn woke debanking as 'legitimate' firms are denied accounts
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Debanked: MPs claim 'legitimate' companies are being denied accounts
MPs have condemned the woke debanking of firms deemed ‘undesirable'.
A report by the Commons Treasury select committee on banking services for small companies took aim at the ‘unfair' practice of denying accounts to legitimate businesses, from defence firms to slot machine operators.
It said environmental, social and governance (ESG) concerns raised by investors should not become the basis for shutting out those involved in arms making or oil and gas.
MPs heard evidence that more than 140,000 small firms had been ‘debanked' over the past year, often with little or 라이브카지노 no notice.
‘Cross-party members condemn the debanking of legitimate businesses,' the report said.
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MPs have condemned the woke debanking of firms deemed ‘undesirable'.
A report by the Commons Treasury select committee on banking services for small companies took aim at the ‘unfair' practice of denying accounts to legitimate businesses, from defence firms to slot machine operators.It said environmental, social and governance (ESG) concerns raised by investors should not become the basis for shutting out those involved in arms making or oil and gas.
MPs heard evidence that more than 140,000 small firms had been ‘debanked' over the past year, often with little or 라이브카지노 no notice.
‘Cross-party members condemn the debanking of legitimate businesses,' the report said.
RELATED ARTICLES
Previous
1
Next
Disney+ streaming service finally turns a profit as cost... Saudi Aramco to pay £100bn dividend to help fund city of the... Boost for City as BP vows to keep its London listing - but... Big Four auditors fined £9m for the London Capital & Finance...
Share this article
Share
HOW THIS IS MONEY CAN HELP
How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account
DIY INVESTING PLATFORMS
Easy investing
Stocks & shares Isa
£1.50 fund dealing
0.25% fee on fund holdings
Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares
Flat-fee investing
No fees
From £4.99 a month
Trade shares and funds for £3.99
Social investing
Social investing
Share investing
30+ million global community
No account fee
Investment account
Free share dealing
Free fractional share*
Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. *T&Cs apply.
> Compare the best investing platform for you
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