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Goldman-backed Starling Bank reports 26% profit drop as it flags Covid loan fraud issue
British neobank Starling posted an annual profit before tax of £223.4 million, down nearly 26% year-on-year. Profits at the bank were impacted by a regulatory fine and an issue with one of the U.K.'s ...
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Starling Bank faces £29M fine from FCA over financial crime failings, raising IPO prospects concerns
The UK’s Financial Conduct Authority (FCA) has fined Starling Bank £29 million for serious failings in its financial crime controls. This penalty underscores the challenges faced by the rapidly ...
On 27 September 2024, the Financial Conduct Authority (“FCA”), imposed a financial penalty of approximately £29 million on the British bank – Starling Bank Limited (“Starling”) – for failings related ...
U.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, ...
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LONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings ...
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