A finance chief under investigation as part of a City watchdog inquiry into mortgage figure manipulation at British nationalised lender Northern Rock has left the business, it emerged today.
The bank said David Jones had quit the asset management side of the company with immediate effect “to focus on an ongoing Financial Services Authority (FSA) investigation into matters relating to a period before the company entered public ownership”.
It is believed the regulator is investigating Mr Jones in relation to a recent inquiry into misleading mortgage arrears figures at the lender, which last week resulted in a near-record fine for its former deputy chief executive.