FCA bans former Co-operative Bank Chair, Paul Flowers, from the financial services industry
Reason: Non Compliant Content of Penalty:
The FCA found that while Chair Mr Flowers:
-used his work mobile telephone to make a number of inappropriate telephone calls to a premium rate chat line in breach of Co-op Group and Co-op Bank policies; and
-used his work email account to send and receive sexually explicit and otherwise inappropriate messages, and to discuss illegal drugs, in breach of Co-op Group and Co-op Bank policies despite having been previously warned about his earlier misconduct.