Regulator Andrew Bailey has been toothless over Clydesdale mis-selling claims, say MPs

Clydesdale Bank sign

The boss of the City watchdog has been accused of neglecting small-business owners allegedly mis-sold loans by Clydesdale Bank.

Andrew Bailey, head of the Financial Conduct Authority (FCA), failed to “press the case for justice and compensation” for thousands of companies, many of which went bust, according to the MP in charge of the parliamentary group on fair business banking.

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