Update: Treasury pushed out FCA chief Martin Wheatley - source

Carmen Reichman
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The chief executive of the Financial Conduct Authority (FCA) Martin Wheatley is to step down in September, the regulator announced today, because the Treasury wanted a change of leadership, a source close to the FCA said.

Wheatley's position on the FCA board was up for renewal in March 2016 and was not renewed by the Chancellor, the source said. The Treasury is now conducting a worldwide search for the next chief...

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