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The Latest Breaking News from Metro Bank

Metro Bank returns to profit after cutting costs and boosting lending

Metro said operating costs fell by 8% year on year.

Evening Standard

TSB’s Spanish owner considers sale of UK banking business

It comes a decade after Sabadell bought TSB for £1.7 billion to gain a foothold in the UK.

Evening Standard

Metro Bank sobers up and attracts a suitor

A lift in share price shows the market expects a deal, but Metro v 2.0 doesn’t need to jump at a takeover at any price

The Guardian - UK

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read the most diverse news in one place.

Metro Bank shares surge on talk of private equity takeover

Potential uncertainty for customers and staff as Shawbrook owner Pollen Street Capital sounds out bank’s bosses

The Guardian - UK

Air India flight returns to Hong Kong due to a midair technical issue

An Air India flight has returned to Hong Kong shortly after takeoff due to a midair technical issue

The Independent UK

Metro Bank shares soar as investors welcome possible takeover approach

The London-listed bank was reportedly approached by investment firm Pollen Street Capital about potentially taking it private.

Evening Standard

Investors welcome rumour of Metro Bank takeover

Shares in Metro Bank have jumped by more than a 10th

The Independent UK

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Metro Bank risks backlash over £60m bonus scheme for chief executive

Shareholder advisory firms concerned long-term reward plan could pay out to bosses regardless of performance

The Guardian - UK

TSB profits jump on cost-cutting and stamp duty mortgage rush

The Spanish-owned lender posted pre-tax profits of £101.3 million for the first quarter, up from £53.4 million a year ago.

Evening Standard

Metro Bank launches AI-powered scam detection tool

The bank has partnered with AI scam detection service Ask Silver to launch a tool for customers to check possible scams via WhatsApp.

Evening Standard

Ex-Metro Bank CEO says FCA ruling has left him unable to secure permanent job

Craig Donaldson challenging ruling by UK regulator, which accused him of misleading investors over £900m accounting blunder

The Guardian - UK

Metro Bank returns to profitability after cutting 30% of workforce

The lender made £80 million of annualised cost savings over the financial year.

Evening Standard

Metro Bank sells £584m personal loan book amid shift to specialist lending

The high street bank is focusing efforts on commercial, corporate, small business lending and specialist mortgages.

Evening Standard

Metro Bank fined nearly £17m for failure to monitor potential money laundering

Problems were raised by junior staff three years before they were completely resolved, says FCA

The Guardian - UK

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news in one place.

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Evening Standard

Metro Bank fined £16.6m for failings over money laundering checks

The lender, which has about three million UK customers, failed to check for money laundering on millions of transactions up to 2020.

The Independent UK

Major bank fined after failings that left millions of customers at risk

Junior staff raised concerns about the issue years ago

The Guardian - UK

UK grocery inflation picks up to 2.3%; unemployment rises while regular wage growth slows – as it happened

Consumers started their Christmas shopping early, Kantar says; UK jobless rate rises to 4.3% while wage growth excluding bonuses is at a two-year low

Evening Standard

FTSE 100 Live 12 November: Vodafone and AstraZeneca results fail to revive shares, Metro Bank fined £16m

Cracks are appearing in the labour market after the unemployment rate today rose to 4.3%.

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news in one place.

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TechRadar

Meta is partnering with UK banks to catch scammers

Meta joins up with top UK banks in an effort to crack down on scams.

The Independent UK

Agatha Christie hotel scraps sale plans after securing funding for refurbishment

The property was previously listed for £15 million

International Business Times UK

UK's Metro Bank Retail Cards Will Stop Working On September 10: What Happens To Your Credit Card Debt?

As Metro Bank discontinues its personal credit card service, customers will need to explore alternative spending options.

The Guardian - UK

Metro Bank returns from the brink but tough road lies ahead

The challenger bank has often taken chances but a new business model positions it as more the opportunist rather than the rebel

The Independent UK

APP fraud reimbursement ‘still largely depends on who victims bank with’

The Payment Systems Regulator has published authorised push payment scam reimbursement figures for banks and building societies.

The Guardian - UK

NatWest takes £24m hit from abandoned ‘Tell Sid’-style campaign

Bank left with costs from Sir Trevor McDonald-fronted campaign after early election halted rollout

The Guardian - UK

Chief of staff to ex-Post Office chief Paula Vennells drafted email ‘to discourage investigating prosecutions’ - as it happened

Public inquiry hears Martin Edwards warned of ‘setting the hares running’ among board members as prospect of appeals against unsafe prosecutions of branch owner-operators loomed

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