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.
For further insights into GB:MTRO stock, check out TipRanks’ Stock Analysis page.
