<ul><li>Starling Bank has paid out £24.6m in bonuses to its staff, almost five times more than the previous year, despite facing a regulatory fine and losses on Covid loans.</li><li>The top-paid director, likely CEO Raman Bhatia, received a £600,000 bonus, bringing their total pay to £1.7m. Board members also received £5.4m in bonuses.</li><li>The increase in bonuses follows a challenging year for Starling, marked by a £28m loss on Covid bounce back loans and a £29m fine from the Financial Conduct Authority for weak financial crime controls.</li><li>The bonus scheme did not factor in the regulatory fine or loan losses, with the bank attributing it to handling legacy issues and recent staff performance.</li></ul>

Starling pays out fivefold bonus sum despite FCA fine and Covid loan errors

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