EU probe appointment of McCreevy to bank board

FORMER Finance Minister Charlie McCreevy’s new career as a banker is being investigated by the European Commission to see if it is conflicts with his previous job in Brussels.

Mr McCreevy, known for his light touch regulation in relation to banking, has joined the board of NBNK Investments PLC.

Recently floated on the London Stock Exchange where they raised about €58 million they plan to set up a British high-street bank from branches sold mostly at the EU’s insistence due to competition rules.