The FCA is to probe potential regulatory breaches related to NatWest's unilateral closure of politician Nigel Farage’s Coutts bank account earlier this year.

Nearly three-quarters of people have been targeted by scams in the past year with a majority of approaches online, according to new figures published today.

The FCA has concluded that there is no evidence of banks denying politicians access to accounts due to their political views following an investigation in the wake of the row that erupted between Nigel Farage and Coutts Bank this summer.

Peter Flavel, the CEO of private bank and wealth manager Coutts, is to step down with immediate effect as the fall out from the Nigel Farage bank account fiasco continues.