Rothschild braces for more ‘skeletons in the cupboard’ over conduct of late chair

Exclusive: Bank holds crisis meeting to discuss response to news that Sir Evelyn de Rothschild left after allegation of sexual misconduct

Senior bankers at Rothschild & Co gathered on Tuesday in a meeting room at its St Swithin's Lane headquarters in the heart of the City of London to discuss a memo that would shake the storied financial group to its foundations.

The memo, to be sent to staff on Wednesday morning, would admit for the first time that their celebrated former leader, Sir Evelyn de Rothschild, had left the bank in 2004 after an allegation of sexual misconduct.