The Canary, an independent media organisation based in the UK, said on Tuesday that it has been debanked by Lloyds Bank.
In a statement shared on its website and across social media, it said that the British banking giant was "withholding a substantial amount of our money" and had "not explained why it has taken this action [d]espite multiple communications from us".
"The Canary is now in a financially precarious situation," it added.
In a statement to Middle East Eye, CEO Steve Topple said that the outlet has been unable to pay staff or contractors.
"We have a large team, and all of them are now extremely distressed and in limbo. Many of them are marginalised people, and it has hit them very hard."
