The Financial Conduct Authority (FCA) has dropped its intention to place a lifetime ban on former chief operating officer at Barclays Wealth and Investment Management Andrew Tinney, who shredded a report on business' culture that described it as "out of hand".
In 2013, Tinney was forced to quit the firm amid allegations that he had suppressed a "wealth cultural audit report" on Barclays Wealth's US branch, Barclays Wealth Americas, which described it as "out...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow