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The Latest Breaking News from Metro

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

Reliability key to making public transport a success

If commuters know that a bus always reaches on time at a particular stop on a route every day, there is a reliability boost. Even if the frequency of buses is low on that route, ridership of that ‘predictable’ bus will increase, says a research finding.

The Hindu

Has the full operation of Bengaluru’s Metro Purple Line helped improve Bengaluru’s transport system?

The newly-opened 43.49 km stretch of the Namma Metro has had a significant positive impact on Bengaluru’s traffic scenario, but there are several more issues to be sorted.

The Hindu

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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

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

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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

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

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

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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

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Chicago Sun-Times

Teri Bristol, Chicago DJ who helped pave the way for women in the booth, dies at 66

“She broke down some pretty major barriers and pushed through that glass ceiling and marched to her own drummer,” said Joe Shanahan, founder of Smart Bar and Metro.

AAP

Metro Trains staff to strike for better pay, conditions

Operations staff at Metro Trains will take industrial action next month in a bid to secure an improved enterprise bargaining agreement.

The Times of India

Metro trains now running at 120 kmph on Airport Line: DMRC official

NEW DELHI: Delhi Metro has increased the operational speed of Metro trains on the Airport Express Line to 120 kmph starting Sunday, officials said.

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 - AU

Rail union threatens strikes across Melbourne train network during busy September period

Daniel Andrews urges ‘good faith’ negotiations as industrial action could coincide with AFL finals and the Royal Melbourne Show

The Week

Dead leopard on A646 was ‘some tart’s coat’

A dead leopard on the A646 turned out to be “some tart’s coat”, said Metro. Ben Lilly, 40, was driving on the A646 near Hebden Bridge when he thought he spotted a leopard. He “cautiously left his car, heart racing and fearing his face may be ‘ripped off’ by the…

The Hindu

Unserved by metro, vast Bengaluru stretches desperately need feeder buses

Linking the last-mile is often the Achilles heel of the city’s mobility. In these unserved areas, this glaring connectivity gap extends to several miles. Struggling to maintain its existing fleet of about 6,300 buses, is the Bangalore Metropolitan Transport Corporation (BMTC) prepared to deploy enough shuttle buses with requisite staff…

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