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The Latest Breaking News from Metro Bank

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

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read the most diverse news in one place.

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

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

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

Wales Online

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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

Chronicle Live

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

Daily Mirror

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

Evening Standard

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

The Guardian - UK

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%

Daily Mirror

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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

Liverpool Echo

Customer warning as Lloyds, Natwest, HSBC, Barclays, Metro Bank breach regulations

The Competition and Markets Authority (CMA) said Lloyds, NatWest, HSBC, Barclays, Metro Bank and Bank of Ireland all breached regulations

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news in one place.

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Evening Standard

Watchdog tells six high street banks to tighten up after breaking rules on customer information

Some customers will receive refunds after the CMA identified overcharging

The Independent UK

Six banks break rules on giving customers correct information

The Competition and Markets Authority said Lloyds, NatWest, HSBC, Barclays, Metro Bank and Bank of Ireland all breached the regulations.

Wales Online

Six high street banks broke strict competition rules and 'let customers down'

Bank of Ireland, Barclays, HSBC, Lloyds Banking Group, Metro Bank and NatWest will make changes, the Competition and Marketing Authority said

Evening Standard

Metro Bank appoints Hopkinson CFO

The Standard Chartered veteran joins from ClearBank where he has headed finance since 2019

The Guardian - UK

Want to avoid card fees for cash withdrawals abroad? Here’s how …

Charges for taking out £250 at an overseas ATM can be as high as £15, but there are ways to avoid them

Evening Standard

More hard yards ahead for Metro Bank CEO Dan Frumkin

No one can say Dan Frumkin has an easy job.

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