Former boss of Gupta-linked Wyelands Bank fined over breaches of senior manager rules

The main banking watchdog has fined Iain Mark Hunter, former chief executive of wound down Wyelands Bank, £118,808 for “material breaches” of senior manager rules, including how the lender handled ties to steel tycoon Sanjay Gupta. The Bank of England’s Prudential Regulation Authority (PRA) found that between 7 March 2016 and 28 May 2020 Hunter breached [...]