FCA boss attacked for not probing whistleblower case [FT.com - Mergermarket]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: FT.com - Mergermarket
FCA boss attacked for not probing whistleblower case | Financial Times Jonathan Ford May 17, 2019 Print this page A whistleblower has heavily criticised the head of the Financial Conduct Authority for failing to investigate her complaints against Lloyds Banking Group, despite his assurances about the seriousness of the case. Sally Masterton wrote last June to FCA chief executive Andrew Bailey — the bookies’ favourite in the race to succeed Mark Carney as Bank of England governor — to protest about her treatment by Lloyds. A one-time employee in its high risk division, she was pushed out of the bank in 2014 after writing an internal report that criticised its handling of a scandal at HBOS, which Lloyds bought in 2009. The fraud at HBOS’ Reading branch destroyed scores of small business customers, and in 2017 led to six people being jailed for a total of 47 years. Last November, Lloyds apologised to Ms Masterton for its treatment of her, admitting that she acted throughout with “integri
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News
- Lloyds Banking Group plc (NYSE: LYG) is now covered by analysts at Berenberg Bank. They set a "hold" rating and a $2.75 price target on the stock.MarketBeat
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LYG
Sec Filings
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- LYG's page on the SEC website