FSA Summons RBS Ex-CEO Goodwin To Answer Questions On Bank's Management - Report

15th Jun 2010 07:00

DOW JONES NEWSWIRES Sir Fred Goodwin has been summoned by the U.K.'s Financial Services Authority to answer questions about Royal Bank of Scotland Group PLC's (RBS) management in the run-up to its near-collapse in October 2008, The Times reported on its website Tuesday, without citing sources. The report said the bank's former chief executive is understood to have struck a deal to meet FSA investigators at the office of his lawyers rather than at the regulator's Canary Wharf office in an attempt to avoid publicity. The meeting is planned for today but last night sources said that it could be delayed, the report said. It said the FSA is understood to be talking to several other former RBS board directors about the way the bank was managed as part of its investigation into the near-collapse of the banking system. Newspaper website: http://business.timesonline.co.uk (END) Dow Jones Newswires June 15, 2010 02:00 ET (06:00 GMT)