Metro Bank was fined £16.7 million by the FCA for failing to adequately monitor over 60 million transactions, worth £51 billion, for money laundering risks due to a flawed automated system. The bank has since fixed the errors identified in 2019, resulting in a 30% discount on the fine and a strategic shift towards higher yielding lending. Metro Bank reported profitability in the third quarter, with a focus on commercial, corporate, small business, and specialist mortgages to drive long-term sustainable profitability.
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Amazon Wants More Power
In a recent podcast, Motley Fool analysts Jason Moser and Matt Argersinger, alongside host Ricky Mulvey, discuss various investment insights, while Progyny CEO Peter Anevski joins analyst Tim Beyers and benefits expert Holly Anderson to explore the company's growth trajectory. For more episodes and investment ideas, listeners are encouraged to visit The Motley Fool's podcast center and check out their top 10 stock recommendations. Explain It To Me Like I'm 5: In this podcast, some...
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