Metro Bank PLC has been fined £10,002,300 ($12,287,612) after breaching the Listing Rules by publishing incorrect information to investors. The Financial Conduct Authority (FCA) has also published Decision Notices on Metro Bank’s former Chief Executive Craig Donaldson and former Chief Financial Officer David Arden for being “knowingly concerned” in the bank’s
FCA fines Metro Bank PLC and two former directors after Listing Rules breach
The UK bank is facing a £10m fine and two ex-executive directors are served Decision Notices after misleading RWA figures.