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The Latest Breaking News from Raman Bhatia

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

Staff get £24.6m after year in which bank was penalised for ‘shockingly lax’ controls and profits fell 25% to £223m

The Guardian - UK

Starling’s profits drop 25% as bank takes blame for Covid loan losses

Our own weak controls led to £28m of losses through government’s bounce back loans, says chief executive

The Guardian - UK

‘Shockingly lax’: how soaring British bank Starling had its wings clipped

Launched as a challenger to traditional lenders, it profited from offering state-backed loans during Covid. But then the regulator came calling

The Guardian - UK

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Staff at a British bank are quitting their ‘grey corporate hellscape’ after CEO demands they come to the office

Starling Bank operates entirely online—however, it's 3,000-plus-strong workforce will be required to come into the office more.

Fortune

Staff ‘quit challenger bank Starling’ after being told to return to office

Raman Bhatia, who took over as chief executive in March, told staff he wants them in the office for a minimum of 10 days a month

The Independent UK

Starling Bank staff resign after new chief executive calls for more time in-office

Exclusive: Staff complain Raman Bhatia is creating ‘grey corporate hellscape’ and offices already lack desk space

The Guardian - UK

Ovo joins calls for overhaul of household energy standing charges

Ofgem recently announced that firms can raise standing charges from 82p a day to 83p from October 1.

The Independent UK

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Energy firm Ovo stops forced prepayment meter installations over Christmas

The Bristol-headquartered supplier said the move was that latest in a series of measures it has introduced to help customers amid the cost-of-living crisis

Birmingham Post

Energy supplier Ovo pauses forced prepayment meter installations until end of next week

The measure will be in place until Saturday, December 31.

Daily Record

Energy supplier Ovo stops forced prepayment meter installations over Christmas

The move comes as campaign groups have called to ban compulsory PPM installations, saying that customers are 'struggling in cold, damp homes this winter'

Chronicle Live

Ovo joins scheme to pay customers to cut their energy usage

The National Grid Electricity System Operator launched the scheme earlier this month and has engaged in trials with customers.

The Independent UK

Europe’s energy crisis demands ‘vaccination-style’ government support for citizens, according to a major UK energy supplier

“What we as a sector expect [and] what I would expect is some sort of support to continue beyond April so that we don’t end up with a cliff edge,” OVO CEO Raman Bhatia said.

Fortune

More than 300,000 sign up for trial to save on energy bills

The National Grid-backed scheme was expected to launch on Tuesday.

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