- Metro penalised for capital reporting error
- Further action from FCA still a possibility
The Bank of England imposed a £5.4m fine on Metro Bank (MTRO) on Wednesday for failures in its regulatory reporting.
The bank’s Prudential Regulation Authority said the 11-year-old lender had failed “to act with due skill, care and diligence” when submitting reports between May 2016 and January 2019.