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MPs have 'lost confidence' in TSB boss Pester

MPs have 'lost confidence' in TSB boss Pester

Business
Beleaguered TSB chief executive Paul Pester found himself under further pressure to keep his job after MPs said they had "lost confidence" in his ability to lead the troubled bank. In a letter to TSB chairman Richard Meddings, dated June 7 and signed by Treasury select committee chair Nicky Morgan, MPs said: "...the committee considers that the TSB Board should give serious consideration as to whether Dr Pester's position as chief executive of TSB is sustainable."The committee has lost confidence in his ability to provide a full and frank assessment of the problems at TSB, and to deal with them in the best interests of its customers."It is concerned that, if he continues in his position, this could damage trust not only in TSB, but in the retail banking sector as a whole. I...