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IN DEPTH: Banks Take Lead in Establishing Personal Social Credit System, Critics Charge

UK ministers step in to stop banks from canceling customers for their political views

Large money-center banks appear to be in the vanguard of a movement to build a system of personal social credit scores.
IN DEPTH: Banks Take Lead in Establishing Personal Social Credit System, Critics Charge
A general view of Barclays Bank Fleet Street branch in London on Feb. 16, 2010. Dan Kitwood/Getty Images
Kevin Stocklin
Kevin Stocklin
Reporter
7/31/2023|Updated: 8/1/2023
0:00

Large money-center banks appear to be in the vanguard of a movement to build a system of personal social credit scores.

This week, British bank Barclays became the latest to be accused of shutting the accounts of its customers for political or religious reasons. That followed revelations in April that Coutts, a private bank owned by UK bank NatWest, was alleged to have closed the accounts and publicized personal information of conservative politician Nigel Farage, one of the foremost Brexit advocates and a supporter of the policies of former U.S. President Donald Trump. 
Kevin Stocklin
Kevin Stocklin
Reporter
Kevin Stocklin is a contributor to The Epoch Times who covers the ESG industry, global governance, and the intersection of politics and business.
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