Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs

Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire

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Metro Bank’s chief executive has been handed a £2.6m pay packet – the largest in its history – a year after slashing 1,000 jobs in response to the lender’s near collapse.

The figure is more than double the £1.2m Dan Frumkin was paid in 2024. Metro pushed through the pay bump and complex bonus scheme for the former RBS and Northern Rock banker at a shareholder meeting last year.