Metro Bank founder to quit board amid fallout from accounting error theguardian.com

Vernon Hill to quit group amid bank’s misclassification of £900m worth of loans.
Metro Bank founder Vernon Hill will quit the board by the end of the year as the bank continues to deal with the fallout of a major accounting error.

The announcement came as Metro launched a fresh bond sale worth £300m, a week after pulling a similar offer due to a lack of interest from investors.

In July Hill announced plans to resign as chairman but had been expected to remain on the board as an independent director.