The BBC had previously reported Farage falling below the financial threshold required to be a customer at Coutts - whose website advises its clients should be able to borrow or invest at least 1 million pounds ($1.28 million) with the bank or hold 3 million pounds in savings - was the reason for the closure.But an internal review of the bank account obtained by Farage showed the private bank's wealth reputational risk committee had said his values did not align with the bank's own.
"We acknowledge that the information we reported - that Coutts' decision on Mr Farage's account did not involve considerations about his political views - turned out not to be accurate and have apologised to Mr Farage," the BBC said in the corrections and clarifications section of its website.