HSBC closes account held by Marine Le Pen for 25 years
HSBC has closed a bank account held for 25 years by Marine Le Pen, leader of France’s far-right Front National (FN) party. France’s second-largest bank, Société Générale, asked the FN to close all its accounts, the result of a 30-year banking relationship, earlier this week. Speaking at a press conference on Wednesday, Marine Le Pen claimed that the moves constituted a “banking fatwa” against her party, which has stated that it will sue the banks for discrimination. Neither HSBC nor Société Générale has revealed the reasons for their actions.

Marine Le Pen, the leader of France’s Front National, has claimed that she and her party are victims of a “banking fatwa” after HSBC closed a bank account she had had for 25 years.

The move by Britain’s biggest bank comes amid heightened scrutiny of political accounts and the day after Société Générale, France’s second-largest bank, asked the far-right party to close all its accounts after a 30-year relationship.

Le Pen told a press conference on Wednesday that HSBC had “driven me out”.

She said the closure of her and the party’s accounts amounted to a “banking fatwa” against the Front National, which has said it will sue both banks for discrimination.

Le Pen said the closures were a political decision designed to “stop the Front National taking part in democratic life and to cause the conditions of its ruin and collapse”.

Banks were trying to “silence the voices” of the almost 11 million people who voted for her in May in the final round of the French presidential election, which she lost to the centrist newcomer Emmanuel Macron.

“Financial oligarchs are trying to stifle the opposition and interfere in the course of French democracy,” she said. “Will the opposition in France be forced into banking exile? What would become of France’s reputation if that happens?”



La persécution bancaire devient personnelle : M. Vandeville, patron de la HSBC, me chasse de la banque dont je suis cliente depuis 25 ans.

Je diffuserai l’enregistrement de la conversation lors de ma conférence de presse à 11h30. MLP — Marine Le Pen (@MLP_officiel) November 22, 2017

HSBC has been criticised for closing the accounts of small business customers and charities. In September, small businesses in the UK – ranging from an avocado importer to marketing and design companies – complained their accounts had been shut by the bank without notice.



The banks have not made public their reasons for closing the Front National and Le Pen accounts.

HSBC said it could not comment on individuals. SocGen issued a statement saying its decisions on opening and closing accounts were based only on banking issues, and a respect of banking rules, “without any political consideration”.