The investigation into the former Co-op Bank chair went on far too long. It’s high time to speed things up
The antics of Paul Flowers, aka “the Crystal Methodist” from the Co-op Bank, feel like ancient history, so it almost came as a surprise to be reminded that the Financial Conduct Authority was still rooting around past disasters at the “ethical” bank.
The regulator’s conclusion: Flowers has been banned from working in financial services, but not because of any day-to-day incompetence as chairman of a bank that came close to collapse. Rather, the former reverend was ringing premium-rate chat lines on his work phone and used his email account to transmit “sexually explicit and otherwise inappropriate messages” and discuss illegal drugs.
GKN is a global engineering business based in Redditch, Worcestershire. It employs nearly 60,000 people across 30 countries.
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