applicants cybg: The others will take home 100m and 60m, respectively, according to The Guardian. The other applicants CYBG, TSB and Co-operative Bank failed to win any of the three grants. The independent Banking Competition Remedies body awarded the first tranche of cash to Metro Bank, Starling Bank and Clear Bank with Metro securing the largest pot of 120m. However, they will have a chance to apply for second, but smaller, pool of funds, the largest of which is worth 50m. Metro Bank's chief executive, Craig Donaldson faced criticism after not initially admitting that the error was found by the Bank of England. The top award to Metro Bank comes despite it suffering a share price fall of almost 40% in a single day last month after it revealed problems with how they classified loans.
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