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Evening Standard
Evening Standard
Anna Wise

Starling Bank profits slide after FCA fine and Covid loan issues

Starling Starling Bank Covid-19
Starling Bank has appointed the boss of Ovo as its new chief executive (Starling Bank/PA) -

Starling Bank has revealed its annual profit fell by a quarter after being hit with a fine for weak financial crime controls and setting aside cash to cover issues with Covid bounceback loans.

The bank reported a pre-tax profit of £223 million for 2024, down 26% from the £301 million made the prior year.

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