Metro Bank plc Metro Bank PLC Metro Bank PLC 11400000 2020 20200420 financial offences
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Metro Bank was found to have broken the CMA's Retail Banking Market Investigation Order by failing to send text alerts before charging customers for unarranged overdrafts. It committed to refunds for those customers estimated to total £11.4 million. agency action CMA deferred formal enforcement action if company continued curing alleged breach. UK-CMA Competition and Markets Authority United Kingdom publicly traded financial services banking GB00BZ6STL67 https://www.gov.uk/government/news/metro-bank-customers-receive-10-5m-overdraft-fee-refund UK21-212
Metro Bank plc Metro Bank PLC Metro Bank PLC 5376000 2021 20211222 financial offences
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The Prudential Regulation Authority imposed a financial penalty on Metro Bank plc of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance, controls and investment with respect to its Common Reporting returns. agency action UK-PRA Prudential Regulation Authority United Kingdom publicly traded financial services banking GB00BZ6STL67 https://www.bankofengland.co.uk/news/2021/december/pra-fines-metro-bank-5376000-for-failing-in-its-regulatory-reporting-governance-and-controls UK21-65909
Metro Bank Metro Bank PLC Metro Bank PLC 20773 2022 20220722 consumer-protection-related offences
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The CMA noted that Metro Bank breached the Retail Banking Market Investigation Order 2017 by charging customers above its specified Monthly Maximum Charge for exceeding credit limits on accounts. The bank self-reported the breach and refunded £20,773 in overcharges plus interest. agency action UK-CMA Competition and Markets Authority United Kingdom publicly traded financial services banking GB00BZ6STL67 https://www.gov.uk/government/publications/cma-takes-action-against-metro-bank-for-breaching-part-7-of-the-retail-banking-order UK21-75010
Metro Bank PLC Metro Bank PLC Metro Bank PLC 10002300 2022 20221212 financial offences
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Metro Bank was fined £10 million in a finding by the FCA that the bank knowingly misreported its prudential position, publishing unqualified information that it knew would require a substantial revision and thus failing to take reasonable care to ensure its financial reports were not false or misleading. agency action UK-FCA Financial Conduct Authority United Kingdom publicly traded financial services banking GB00BZ6STL67 https://www.fca.org.uk/news/press-releases/fca-fines-metro-bank-plc-decision-notices-two-former-executives UK21-83196
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