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Metro Bank's founding chairman Hill steps down as non-executive director

Metro Bank Chairman Vernon Hill poses for a photograph in the vault of their new branch in Slough

(Reuters) - Metro Bank <MTRO.L> said on Tuesday Vernon Hill, the founding chairman of the struggling British lender, had stepped down as a non-executive director.

Metro Bank had said in October that Hill, who quit as chairman but agreed to accept an honorary position, would remain a non-executive director of the bank until Dec. 31.

Chief Executive Officer Craig Donaldson is also leaving the company after a torrid year in which the British lender was engulfed in a damaging accounting scandal that wiped 90% off its market value.


(Reporting by Noor Zainab Hussain in Bengaluru; editing by David Evans)