Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

By CNBC   |   3 weeks ago
Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

Starling Bank reported a 26% decrease in annual profit due to Covid-related business loan fraud and a regulatory fine for financial crime failings. Revenue increased by 5%, but growth slowed compared to previous years.

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