BoE fines Metro Bank US $ 7 M
The Bank of England has fined Metro Bank 5.38 million pounds ($7.13 million) for failures in its regulatory reporting after the lender revealed an accounting blunder in 2019.
Metro Bank said in January 2019 it had corrected risk weightings of some of its commercial loan portfolios, wiping hundreds of millions of pounds off its share value and forcing its top bosses to quit.
You may also like
Bank of England Raises Interest Rate to 0.25%
The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounte
Standard Chartered fined US $ 61.5 M
The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 mi
Post a comment