Metro Bank fined £16m for anti-money laundering failings Britain's Financial Conduct Authority (FCA) has fined Metro Bank £16m for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender. Business • 12 Nov 24
Metro Bank fined £16m for anti-money laundering failings Britain's Financial Conduct Authority (FCA) has fined Metro Bank £16m for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender. Business • 12 Nov 24
Metro Bank shares soar as it sees return to profit in Q4 Britain's Metro Bank has today forecast a return to profit in the fourth quarter following cost-saving measures during the year and a cash injection from the sale of its residential mortgage book, sending its shares 20% up. Business • 31 Jul 24
Metro Bank shares soar as it sees return to profit in Q4 Britain's Metro Bank has today forecast a return to profit in the fourth quarter following cost-saving measures during the year and a cash injection from the sale of its residential mortgage book, sending its shares 20% up. Business • 31 Jul 24
Metro Bank's efforts to win back customers pay off Metro Bank has today posted a 4% increase in total deposits for the first quarter, thanks to the campaign it launched late last year to make up for significant withdrawals by customers amid reports on its financial health. Business • 30 Apr 24
Metro Bank's efforts to win back customers pay off Metro Bank has today posted a 4% increase in total deposits for the first quarter, thanks to the campaign it launched late last year to make up for significant withdrawals by customers amid reports on its financial health. Business • 30 Apr 24
UK's Metro Bank warns of more job losses Metro Bank has confirmed it is axing around 1,000 jobs and warned over further staff cuts as part of an overhaul that will also see branches no longer open seven days a week. Business • 13 Mar 24
UK's Metro Bank warns of more job losses Metro Bank has confirmed it is axing around 1,000 jobs and warned over further staff cuts as part of an overhaul that will also see branches no longer open seven days a week. Business • 13 Mar 24
Metro Bank decides not to sell mortgage book Britain's Metro Bank has abandoned its planned sale of a £3 billion mortgage portfolio, citing market conditions. Business • 18 Dec 23
Metro Bank decides not to sell mortgage book Britain's Metro Bank has abandoned its planned sale of a £3 billion mortgage portfolio, citing market conditions. Business • 18 Dec 23
UK's Metro Bank to lay off 20% of workforce Metro Bank has today announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20% of its staff and axe some of its biggest customer perks including seven-day opening hours. Business • 30 Nov 23
UK's Metro Bank to lay off 20% of workforce Metro Bank has today announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20% of its staff and axe some of its biggest customer perks including seven-day opening hours. Business • 30 Nov 23
Metro Bank's deposit outflows return to normal ranges Metro Bank has today posted a 5% drop in deposits in the third quarter, although the struggling British lender said that the increase in outflows seen before its capital injection had now returned to "more normal ranges." Business • 07 Nov 23
Metro Bank's deposit outflows return to normal ranges Metro Bank has today posted a 5% drop in deposits in the third quarter, although the struggling British lender said that the increase in outflows seen before its capital injection had now returned to "more normal ranges." Business • 07 Nov 23
Metro Bank shares bounce after deal to secure capital Metro Bank shares bounced back in early trading today, after the embattled British bank announced a £325m capital raise and £600m debt refinancing yesterday. Business • 09 Oct 23
Metro Bank shares bounce after deal to secure capital Metro Bank shares bounced back in early trading today, after the embattled British bank announced a £325m capital raise and £600m debt refinancing yesterday. Business • 09 Oct 23
Why are British lender Metro Bank's shares plunging? Mid-sized British lender Metro Bank saw its shares plunge more than 25% today following reports it is trying to raise as much as 600 million pounds to strengthen its capital levels. Business • 05 Oct 23
Why are British lender Metro Bank's shares plunging? Mid-sized British lender Metro Bank saw its shares plunge more than 25% today following reports it is trying to raise as much as 600 million pounds to strengthen its capital levels. Business • 05 Oct 23
UK's Metro Bank plunges on talk of big fundraising Metro Bank shares plunged more than 25% today following reports the British lender was exploring options to raise as much £600m in debt and equity to bolster its finances. Business • 05 Oct 23
UK's Metro Bank plunges on talk of big fundraising Metro Bank shares plunged more than 25% today following reports the British lender was exploring options to raise as much £600m in debt and equity to bolster its finances. Business • 05 Oct 23
UK financial regulator fines Metro Bank £10m British challenger bank Metro and two of its former executives have been slapped with fines by regulator the Financial Conduct Authority, over reporting errors that wiped hundreds of millions of pounds off its share value in 2019. Business • 12 Dec 22
UK financial regulator fines Metro Bank £10m British challenger bank Metro and two of its former executives have been slapped with fines by regulator the Financial Conduct Authority, over reporting errors that wiped hundreds of millions of pounds off its share value in 2019. Business • 12 Dec 22
Metro Bank returned to profit in September Metro Bank said today it returned to profit in September by keeping a tight rein on costs and has so far seen no sign of increased stress among its customers as Britain grapples with higher interest rates and an escalating cost of living crisis. Business • 02 Nov 22
Metro Bank returned to profit in September Metro Bank said today it returned to profit in September by keeping a tight rein on costs and has so far seen no sign of increased stress among its customers as Britain grapples with higher interest rates and an escalating cost of living crisis. Business • 02 Nov 22
Metro Bank's annual loss narrows as turnaround picks up Metro Bank has today reported a smaller loss and higher margins for 2021, as the British high-street lender's turnaround actions bear fruit and the economy recovers from the Covid-19 pandemic's impact. Business • 23 Feb 22
Metro Bank's annual loss narrows as turnaround picks up Metro Bank has today reported a smaller loss and higher margins for 2021, as the British high-street lender's turnaround actions bear fruit and the economy recovers from the Covid-19 pandemic's impact. Business • 23 Feb 22
Bank of England fines Metro Bank £5.4m The Bank of England's Prudential Regulation Authority (PRA) has fined challenger bank Metro Bank £5.38m for failures in its regulatory reporting governance and controls, it said today. Business • 22 Dec 21
Bank of England fines Metro Bank £5.4m The Bank of England's Prudential Regulation Authority (PRA) has fined challenger bank Metro Bank £5.38m for failures in its regulatory reporting governance and controls, it said today. Business • 22 Dec 21
Carlyle says takeover talks with UK's Metro Bank ended US private equity firm Carlyle said today talks about a possible takeover offer for Metro Bank have ended, sending shares in the British lender tumbling 16%. Business • 18 Nov 21
Carlyle says takeover talks with UK's Metro Bank ended US private equity firm Carlyle said today talks about a possible takeover offer for Metro Bank have ended, sending shares in the British lender tumbling 16%. Business • 18 Nov 21
Metro Bank expects defaults to rise as supports fade Metro Bank has today posted a much bigger annual loss and said it expects defaults to rise through the year in line with its provisions as government support measures set in place due to the Covid-19 crisis are wound down. Business • 24 Feb 21
Metro Bank expects defaults to rise as supports fade Metro Bank has today posted a much bigger annual loss and said it expects defaults to rise through the year in line with its provisions as government support measures set in place due to the Covid-19 crisis are wound down. Business • 24 Feb 21
Metro Bank in talks to buy RateSetter British challenger bank Metro is in exclusive talks to buy peer-to-peer lender RateSetter, though discussions are at an early stage, the bank said today in response to media speculation. Business • 15 Jun 20
Metro Bank in talks to buy RateSetter British challenger bank Metro is in exclusive talks to buy peer-to-peer lender RateSetter, though discussions are at an early stage, the bank said today in response to media speculation. Business • 15 Jun 20
Metro Bank's chairman Hill to step down immediately Vernon Hill, the founder of Metro Bank, has stepped down as chairman two months early, as the British lender continues its battle to recover from an accounting scandal. Business • 23 Oct 19
Metro Bank's chairman Hill to step down immediately Vernon Hill, the founder of Metro Bank, has stepped down as chairman two months early, as the British lender continues its battle to recover from an accounting scandal. Business • 23 Oct 19
Metro Bank shares jump after capital hike Metro Bank shares soared today after a vital cash call that was welcomed by regulators at the Bank of England. Business • 17 May 19
Metro Bank shares jump after capital hike Metro Bank shares soared today after a vital cash call that was welcomed by regulators at the Bank of England. Business • 17 May 19
Momentum builds for capital checks as Metro struggles Momentum is building for independent checks on the capital buffers of banks, a senior UK accounting executive has said. Business • 13 May 19
Momentum builds for capital checks as Metro struggles Momentum is building for independent checks on the capital buffers of banks, a senior UK accounting executive has said. Business • 13 May 19
Metro Bank shares crash as risky mortgage bets rise Metro Bank shares lost a third of their value today after the British lender announced a sharp rise in exposure to higher-risk mortgages. Business • 23 Jan 19
Metro Bank shares crash as risky mortgage bets rise Metro Bank shares lost a third of their value today after the British lender announced a sharp rise in exposure to higher-risk mortgages. Business • 23 Jan 19
UK's Metro Bank reports first annual profit British lender Metro Bank has today reported its first annual profit, driven by strong growth in residential mortgages and commercial lending. Business • 21 Feb 18
UK's Metro Bank reports first annual profit British lender Metro Bank has today reported its first annual profit, driven by strong growth in residential mortgages and commercial lending. Business • 21 Feb 18
