The former CEO of Metro Bank, Craig Donaldson, has claimed that he has become “untouchable” and faced difficulties in his career and personal life after the Financial Conduct Authority (FCA) accused him of misleading investors over a £900m accounting error. Donaldson and Metro Bank’s former chief financial officer, David Arden, are challenging the FCA’s ruling, which included fines of £223,100 and £134,600 respectively. Donaldson denies the allegations, stating that he was unaware of the size of the error at the time. He claims that the FCA’s actions have damaged his career prospects and made it difficult for him to open bank accounts and obtain financial products. The FCA and Donaldson’s legal team have declined to comment on the matter, and the court hearing is set to continue next week.

Source: https://www.theguardian.com/business/2025/apr/06/metro-banks-former-ceo-says-fca-ruling-has-left-him-unable-to-secure-permanent-job