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The Latest Breaking News from Metro Bank

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

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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

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

The Guardian - UK

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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.

Evening Standard

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 Guardian - 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 Independent 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

The Guardian - UK

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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

Daily Mirror

Everything cancelled or closed on King's Coronation weekend - from football to shops

The Coronation of King Charles and Queen Camilla will have a huge impact on your weekend even if you are not watching or celebrating - with TV, football, shops, supermarkets and travel affected

Evening Standard

Lloyds Banking Group beats profit forecasts as lenders now look toward BOE rate hike

The UK’s biggest single mortgage lender is the latest bank to beat profit forecasts

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The Guardian - UK

Metro Bank risks shareholder revolt over pay increase for top bosses

Glass Lewis urges investors to vote against award, saying 20% hike unjustified given average 5% rise for staff

The Guardian - UK

TSB and Santander staff bonuses could be hit after City fines

Exclusive: Pay committees will factor in regulator’s fines over IT meltdown and money-laundering controls

The Guardian - UK

Metro Bank fined £10m for misleading investors

FCA also penalises two of challenger bank’s former top executives

Daily Mirror

Metro Bank to give staff 2.75% pay rise to help with soaring cost of living

The UK bank said 98% of employees will get the bonus - and it comes on top of the 5% average salary increase that came into effect in April this year, meaning a total pay rise of 7.75%

Birmingham Post

Solihull Chamber of Commerce reveals annual awards shortlist

A host of different categories are up for grabs at annual awards which will also crown the overall Solihull Business of the Year

The Independent UK

HSBC, First Direct and Metro Bank join anti-scam phone service

The 159 service quickly and securely connects the public with their bank if they believe they have been a target of fraud.

Birmingham Post

The Very Group hires Metro Bank boss after Gymshark poached top director

She will start her new role in October

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