Angela Knight, chief executive of the British Bankers' Association, is facing calls from members to stand down following the collapse of the group's PPI appeal, according to reports.
Members have called on Knight to resign after the trade association was forced to drop plans for a judicial review, the Telegraph reports. The BBA lost a High Court verdict last month and had until today to make an appeal against the decision. "The BBA's handling of the PPI case has made us uncomfortable," said a senior executive at one BBA member. "While we think it is an interesting legal and intellectual argument, it does the banking industry no good to be seen to be dragging its feet on the issue." The executive added: "Angela has been great for the industry, but I think we nee...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
