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The Guardian - UK

Business

Jasper Jolly

Metro Bank fined £10m for misleading investors

Metro Bank Metro FCA

Metro Bank said it had already provided for the costs of the fine. Photograph: Alicia Canter/The Guardian

The City regulator has fined Metro Bank and its two of its former top executives more than £10m for misleading investors.

Metro Bank would pay £10m, while the former chief executive Craig Donaldson and former chief financial officer David Arden would fight fines of £223,100 and £134,600 respectively, the Financial Conduct Authority (FCA) said on Monday.

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