Metro Bank

Metro Bank Chairman Leaves Board Amid Q3 Losses
Metro Bank Chairman Leaves Board Amid Q3 Losses
October 23, 2019  |  Earnings

Metro Bank Co-founder and Chairman Vernon Hill stepped down as chairman on Wednesday (Oct. 23) after the bank reported a net loss of £4.9 million...

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Metro Bank Deploys FinTech Collabs Amid Leadership Shakeup
Metro Bank Deploys FinTech Collabs Amid Leadership Shakeup
October 11, 2019  |  B2B Payments

U.K. challenger bank Metro Bank has announced partnerships with three different FinTechs to strengthen its small and medium-sized business offerings. In an announcement on Metro...

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Metro Bank Founder Fully Resigns Amid Accounting Scandal
Metro Bank Founder Fully Resigns Amid Accounting Scandal
October 03, 2019  |  B2B Payments

The ongoing fallout from an accounting error at Metro Bank will now see Founder Vernon Hill completely exit the group after previously announcing he would...

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Top News In Payments: UK Challenger Banks Struggle To Thrive, Amazon Wants To Expand Go Tech
Top News In Payments: UK Challenger Banks Struggle To Thrive, Amazon Wants To Expand Go...
October 01, 2019  |  News

Today in the payments news roundup, challenger banks in the U.K. are having a difficult time competing with the country’s big four financial institutions. Also, Amazon wants to take...

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UK Challenger Banks Struggle To Compete
UK Challenger Banks Struggle To Compete
September 30, 2019  |  Banking

Challenger banks in the U.K. are having a hard time competing with the country’s big four financial institutions. While challengers such as Metro Bank, Santander...

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Metro Fails To Attract Investors To Bond Issue
Metro Fails To Attract Investors To Bond Issue
September 23, 2019  |  Banking

Metro Bank in the U.K. jettisoned a $250 million pound bond issue on Monday (Sept. 23), after not enough investors picked up on it, even...

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FCA Questions Metro Bank Managers On Misreporting Allegations
FCA Questions Metro Bank Managers On Misreporting Allegations
September 17, 2019  |  Bank Regulation

Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess...

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Metro Bank Pulls Back On Commercial Lending
Metro Bank Pulls Back On Commercial Lending
September 17, 2019  |  B2B Payments

Following a series of setbacks for U.K. challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind...

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Metro Bank Hit By More Fraud Probes
Metro Bank Hit By More Fraud Probes
May 31, 2019  |  B2B Payments

Two U.S. law firms have launched investigations into the U.K.’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in...

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