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The Latest Breaking News from Metro Bank

Metro Bank axing fifth of workers and reviewing seven-day opening

The troubled high street lender said the moves are part of plans to ramp up cost savings to £50m a year.

The Independent UK

Metro Bank rescue deal can go ahead after shareholders back it

Jaime Gilinski Bacal to increase stake to 53% as lender secures £325m in new capital and £600m of debt

The Guardian - UK

Metro Bank says outflows return to normal after £325 million rescue deal

SAVERS were pulling money out of Metro Bank in fear of the bank’s safety ahead of a £325 million fund raiser in October.

Evening Standard

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Banks’ performance in dealing with APP scam victims revealed by regulator

The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society.

The Independent UK

Mortgage debts and bust firms put UK banks’ profits under pressure

With the big lenders reporting their results this week, investors are trying to stay optimistic and hoping there will be no more crises

The Guardian - UK

Bank CEOs set the tone from the top when it comes to risky behaviour — new research

Metro Bank positioned itself as “a fresh start to banking” when it launched in the wake of the 2008 global financial crisis. It was set up in 2010 as a challenger to the “big five” banks dominating the UK market post-crisis: HSBC, NatWest, Lloyds, Barclays and Santander.

The Conversation

Who is the Colombian billionaire taking a high stakes punt on Metro Bank?

Jaime Gilinski Bacal is known for snapping up struggling lenders on the cheap and turning around their fortunes

The Guardian - UK

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Metro Bank gets another shot at redemption – but too late for the small shareholders

Chief executive’s boast that there is nothing wrong with its business model will sound hollow to those nursing a 97% loss

The Guardian - UK

What is happening at Metro Bank? What customers need to know

Millions of users awaiting news of bank’s survival

Evening Standard

Metro Bank to slash costs after £925m rescue deal

Lender confirms customers have started to pull money out amid worries over its financial health

The Guardian - UK

Metro Bank agrees rescue deal with investors

Lender secures £325m capital from new and existing shareholders and £600m of debt refinancing

The Guardian - UK

Metro Bank shares rebound amid reports of £600m capital offer

Lender’s stock hit all-time low after news it was exploring selling off up to 40% of mortgage book

The Guardian - UK

Shares in troubled British lender Metro Bank bounce back by a third as asset sale speculation swirls

Shares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets

The Independent UK

Bank founded by American billionaire sees shares plummet amid reports lender is scrambling to boost its balance sheet

Shares of Metro Bank fell nearly 30% as investors continued to dump the stock amid concerns over the quality of its residential mortgage loans.

Fortune

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The Guardian - UK

What is happening at Metro Bank and why is it in need of so much money?

Shares have tumbled by 30% in the bank now operating at the edges of its capital requirements

The Guardian - UK

Metro Bank shares plummet as bank seeks to shore up balance sheet

Stock falls by quarter after news high street lender looking to sell off mortgages or tap investors for more cash

Evening Standard

FTSE 100 Live: Index climbs, Oil giants and Metro Bank shares under pressure, Imperial Brands in £1bn buyback

Figures on US wage and employment growth will today keep the interest rate outlook in focus at the end of a volatile week for markets.

Evening Standard

Metro Bank shares crash as City worries about fund raising plans

METRO Bank shares crashed 25% this morning as the City digested the latest blow to the lender – a plan to raise £600 million to shore up its finances.

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The Guardian - UK

WTO slashes world trade forecast as manufacturing slowdown bites – as it happened

Rolling coverage of the latest economic and financial news, as WTO warns that global economic fragmentation is hurting trade growth

The Independent UK

Metro Bank shares plunge as it looks to raise up to £600m in new financing

Bank in talks with investors about raising £250m in equity financing and £350m in debt

The Independent UK

Metro Bank looking to raise up to £600m in new financing

Bank in talks with investors about raising £250m in equity financing and £350m in debt

The Guardian - UK

Metro Bank considering raising hundreds of millions from investors

High street lender recently failed to convince regulators it could be trusted to hold less cash against its mortgage risks

The Guardian - UK

Why do I keep failing Metro Bank’s security checks?

I moved house a few years ago and have been passed from pillar to post as I try to update my details

Wales Online

Investigation after bank workers 'rate customers by how sexy they are'

Claims that Metro Bank employees had WhatsApp group to rank female users

Chronicle Live

All the things that are cancelled or closed over King's Coronation weekend

Opening hours for shops, supermarkets and pubs have been altered and there will also be changes in the football schedule this weekend

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