FCA bans former CIB Partners boss
The City watchdog, the Financial Conduct Authority, has banned the former chief executive of the now defunct advisory firm CIB Partners from ever working in financial services, after he was found to have misled investors about the strength of certain bonds. The watchdog said Arnold Eber gave misleading impressions about the health of bonds issued by SLS Capital, the Luxembourg-based special purpose vehicle, even though he had grave concerns about their viability.