Metro Banks former CEO says FCA ruling has left him unable to secure permanent job

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

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