Lloyds debank UK-based media group the Canary

/lloyds-canary

  • Lloyds debank UK-based media group the Canary
    https://www.thecanary.co/uk/2026/06/30/lloyds-canary

    We do know that multiple other politically engaged people have suffered similar actions by other banks in recent times. It is not lost on us that powerful banks are able to restrict the financial activity of anti-Zionist and pro-Palestine organisations and individuals. Whilst we do not currently know the reasons behind our debanking, we cannot afford to be naive about this.

    It is an outrage that the Canary has been unceremoniously dropped into financial instability with no notice or explanation from Lloyds.

    • Lloyds customers urged to shut accounts over debanking of The Canary | The National
      https://archive.is/2026.07.02-162535/https://www.thenational.scot/news/26248340.lloyds-customers-urged-shut-accounts-debanking-canary

      Speaking exclusively to The National, IMA chair Abla Kandalaft said the debanking had put The Canary under enormous pressure and the outlet is struggling for political support because of the lack of reasoning given by Lloyds.
      “Debanking is a tool that can be used to silence pretty much anyone,” she said.
      “In terms of independent media, all outlets are utterly reliant on the banking system. If they want to be financially sustainable they have to have a bank account, so things like debanking really put a lot of pressure on major outlets that are already under pressure to survive in such a climate.
      “It also acts as a deterrent. If this happens to an outlet that’s relatively major, like the Canary, what can happen to a smaller outlet which doesn’t have any leeway in terms of funds?

    • https://www.middleeasteye.net/trending/lloyds-debanks-independent-media-outlet-canary-sparking-intense-backl

      [...]

      An investigation by the Telegraph in January revealed that nearly half a million accounts were debanked last year, a more than tenfold increase on the number of accounts closed in 2016-17.

      The Guardian published a report earlier this year detailing how Muslims in the UK have been particularly targeted by the normalisation of debanking, describing the pressure faced by banks to monitor potential “terrorist” financial activity, which the report concluded caused them to act in haste to block transactions and close accounts of innocent people and charities, often without the chance to appeal.

      Generally criticised on both sides of the political spectrum, legislative efforts have been made by successive governments to “stamp out” debanking in the UK.

      New regulations that will affect customers who open an account after 28 April this year mean that banks must give at least 90 days’ notice before closing an account, whilst providing a clear reason. However, an exception is made if the financial institution suspects criminal activity.

      oAnth :

      Je me souviens d’initiatives lancées dans les années 2000 et au début des années 2010, selon lesquelles chaque individu avait le droit inaliénable de disposer d’un compte bancaire – on n’entend plus parler de ces initiatives aujourd’hui, ce qui, à mon sens, est un signe sans ambiguïté et constitue un message clairement menaçant à l’égard des citoyens.

      #debanking