TagMetro Bank

Metro Bank losses hit £245m as lender reels from fines and sanctions

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Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million, which was an improvement on the £311.4 million loss a year earlier due to Covid-19. But it failed to match its rivals, which have reported huge boosts in profits as they...

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