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One in 10 scraps bid for top UK bank job as vetting gets tougher

Monday, March 2, 2015 - 05:50

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Increased scrutiny follows weaknesses in vetting exposed by problems at the Co-Op Bank, where the former chairman, Paul Flowers, was waved through in 2010 despite disclosing a criminal conviction and later showing little knowledge of banking.

London

MORE than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. People put forward for chief executive, chairman and for a handful of other senior roles in banking now face a more

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