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Violation Tracker UK Individual Case

Company: Metro Bank PLC
Current Parent CompanyMetro Bank PLC
Parent at the Time of the Penalty Announcement: Metro Bank PLC
Penalty: £10,002,300
Year: 2022
Date: 12 December, 2022
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: 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.
Action Type: agency action
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)