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Metro Bank CEO takes huge hit in his salary

by LLB Reporter
24th Apr 19 4:07 pm

Craig Donaldson, chief executive of Metro Bank has seen his annual pay packet reduced as a result of the loans blunder.

In 2018 Donaldson was only paid £800,000 compared to £1.5 the previous year. In January shares in Metro Bank dropped to a record low after, the Bank of England found an accounting error.

In February, Metro Bank shares fell 20% as the bank unveiled plans to raise £350m from investors.

Donaldson will see his salary remain at £750,000 next year and Vernon Hill the Bank’s chairman salary will remain at £385,000.

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