FCA under fire for whistleblower neglect - reports

Ex-Lloyds employee has taken case higher

A whistleblower named Sally Masterton has slammed the Financial Conduct Authority (FCA) for failing to investigate her complaints against Lloyds Banking Group, the Financial Times has reported.

According to the FT, Masterton, a former employee in the high-risk division at Lloyds, said she was given assurances by the FCA about the seriousness of her case. She allegedly wrote to FCA chief executive Andrew Bailey last June, describing her treatment by Lloyds. The FT report said: "She was pushed out of the bank in 2014 after writing an internal report that criticised its handling of a scandal at HBOS, which Lloyds bought in 2009. "The fraud at HBOS' Reading branch destroyed scores of small business customers, and in 2017 led to six people being jailed for a total of 47 years....