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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Ex-Metro Bank CEO says FCA ruling has left him unable to secure permanent job

People walk past a Metro Bank branch in Manchester
It was revealed in 2019 that Metro Bank had misclassified £900m of loans as less risky than they actually were, meaning it had breached rules. Photograph: Christopher Thomond/The Guardian

The former chief executive of Metro Bank says he has been made “untouchable”, advised to move to Australia and even had trouble opening bank accounts after the UK regulator accused him of misleading investors over a £900m accounting blunder.

Craig Donaldson, who resigned in 2019, told the upper tribunal in London that both his career and personal finances had suffered as a result of the Financial Conduct Authority’s (FCA) 2022 ruling.

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