Staff get £24.6m after year in which bank was penalised for ‘shockingly lax’ controls and profits fell 25% to £223m
Starling Bank has handed its staff an almost fivefold increase in bonus pay despite an embarrassing regulatory fine and losses on government-backed Covid loans that the digital lender has blamed on its own weak controls.
The digital-only challenger bank paid out £24.6m in bonuses for the 2024-25 financial year, compared with £5.3m a year earlier.
Staff get £24.6m after year in which bank was penalised for ‘shockingly lax’ controls and profits fell 25% to £223mStarling Bank has handed its staff an almost fivefold increase in bonus pay despite an embarrassing regulatory fine and losses on government-backed Covid loans that the digital lender has blamed on its own weak controls.The digital-only challenger bank paid out £24.6m in bonuses for the 2024-25 financial year, compared with £5.3m a year earlier. Continue reading… Starling Bank, Executive pay and bonuses, Banking, Financial Conduct Authority, Financial sector, Business, UK news Business | The Guardian
