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. Donaldson and David Arden, a former chief financial officer of Metro Bank, are challenging the ruling – which includes fines of £223,100 and £134,600, respectively – in an eight-day
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