Tags: Britain | Bank of England | deputy governor | resigns
Bank of England's Deputy Governor Resigns
(AP/Alastair Grant)

Bank of England's Deputy Governor Resigns

Tuesday, 14 March 2017 06:38 AM

The Bank of England says it's newly appointed deputy governor, Charlotte Hogg, has resigned.

The move comes after a controversy ensued because of allegations of the appearance of impropriety for failing to disclose in a timely manner that her brother held a senior position at London-based bank Barclays.

The central bank monitors conduct of those in banking, and some in the industry claimed that they too would demand leniency in reporting if she had been forgiven without penalty.

The central bank said Tuesday that Hogg's resignation was voluntary. Bank of England Governor Mark Carney says he respects her decision, but deeply regrets she chose to resign.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Markets
The Bank of England says it's newly appointed deputy governor, Charlotte Hogg, has resigned.
Britain, Bank of England, deputy governor, resigns
106
2017-38-14
Tuesday, 14 March 2017 06:38 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved