Metro Bank Resolves FCA Inquiry and Returns to Profit

Metro Bank (GB:MTRO) has released an update.

Metro Bank has resolved a longstanding inquiry by the Financial Conduct Authority, resulting in a £16.7 million fine over past transaction monitoring failures. The bank, which has since improved its systems, is shifting focus to higher-yielding mortgages and business lending, and reported a return to profitability in October. This marks a positive step in its strategic growth and pursuit of sustainable profitability.

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