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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

‘Shockingly lax’: how soaring British bank Starling had its wings clipped

Anne Boden, Starling's founder, is shown on the left, and the bank's app is shown on a smartphone on the right.
Anne Boden founded the digital challenger bank in 2014. Photograph: AFP/Getty and Alamy

In June, Raman Bhatia walked into the fifth-floor office at Starling Bank’s headquarters in east London with a clean slate. It was set to be an antidote to a turbulent two years steering his former employer, Ovo, through an energy crisis and fines for overcharging customers.

At the digital-only challenger bank, where he was taking over from the founder, Anne Boden, things looked more rosy, with a possible stock market listing on the horizon. He began his term by rubbing shoulders with new Labour ministers in No 10’s rose garden, and charming staff during a tour of Starling offices in Cardiff, London and Southampton.

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