United Kingdom
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A bank wouldn't close a persons account due to political allegiance. It's more likely they've been doing dodgy shit.
The term "prestigious banking group" tends to give it away. These types of banks expect account owners to prove they are a viable investment. So while you are correct, they will not close for political reasons. They will definitely close accounts because he has been unable to gain the political investment he has in the past.
These banks tend to give extra privileges that cost them. But more using accounts like this they are known for their customer evaluation methods. So other rich people know your rough status when you use them.
I remember hearing loads of reports about expensive gifts and use of property from Brexit backing millionaires not long after 2016. So that funding would be enough to support accounts at banks like Coutts. One of the smaller ones. Who are rumoured to drive members to a fancy event. To prove they have £1m in flexible assets every few years.