The Bank of England takes no prisoners!
The Bank of England has fined Metro Bank almost £5.4 million over the quality of its reporting and governance failures.
Sam Woods, deputy governor for prudential regulation at the Bank of England and chief executive officer of the PRA, said: “We expect firms to invest appropriate and adequate resources to ensure that they submit accurate regulatory returns. The regulator said that, as Metro Bank expanded its high street portfolio across the UK in recent years, it “failed to ensure the commensurate development” of its governance arrangements and reporting systems.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nationwide bank payments down leaving customers without wagesNATIONWIDE bank payments are down as customers are left without wages just days before Christmas. As many as 167 reports have been made on Downdetector so far, with problems occurring since 7am tod…
Read more »
‘Wholly irresponsible’: Readers’ views on UK Omicron responseHow failure of government to bring in new restrictions in England has created festive dilemmas for families
Read more »
Nationwide bank payments down leaving customers without wagesNATIONWIDE bank payments are down as customers are left without wages just days before Christmas. As many as 167 reports have been made on Downdetector so far, with problems occurring since 7am tod…
Read more »
Outer Banks' Madelyn Cline grabs dinner with Zack Bia in Santa MonicaMadelyn Cline sparked romance rumors with DJ Zack Bia after they were seen dining at Giorgio Baldi in Santa Monica.
Read more »