One in 10 scraps bid for top UK bank job as vetting gets tougher
Mon, Mar 02, 2015 - 5:50 AM
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.
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...