We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Regulators Probe Metro Bank Over £900M Accounting Blunder

Law360, London (February 27, 2019, 3:27 PM GMT) -- Metro Bank PLC has revealed that both the Bank of England’s Prudential Regulation Authority and the Financial Conduct Authority are investigating a £900 million ($1.2 billion) accounting blunder caused when it wrongly calculated the value of loans.

The City’s regulators are planning to examine the "circumstances and events” that led to the £900 million ($1.2 billion) accounting error which has caused embarrassment at Metro Bank. (AP) The City’s regulators are planning to examine the "circumstances and events” that led to the accounting error — which was exposed in January — Metro Bank said in its annual results on Tuesday. The admission caused the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Government Agencies