Former Co-op Bank boss Paul Flowers banned

Former Co-op Bank boss Paul Flowers banned
 

The former chairman of the Co-operative Bank, Paul Flowers, has been banned from the financial services industry by the Financial Conduct Authority (FCA).
Mr Flowers was chairman of the bank at the time of its near collapse in 2013 when it revealed a £1.5bn black hole in its accounts.
He left amid concerns about expenses and in 2014 admitted drug possession.
The FCA said he had "demonstrated a lack of fitness and propriety required to work in financial services".
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6 March 2018 in Business, Views: 36
Source: BBC
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