Starling's profits dip 25% as bank takes blame for Covid loan losses

By The Guardian   |   1 month ago
Starling's profits dip 25% as bank takes blame for Covid loan losses

Starling Bank faced a 25% profit drop due to weak controls leading to £28m losses in government-backed bounce back loans. The bank's CEO admitted improper checks on loans, sparking controversy. This adds to a previous £29m fine for lax financial controls.

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