Metro Bank: What's going on and is my money safe? - BBC News
WEBNov 30, 2023 · By Lora Jones. BBC News. Metro Bank is to review whether it will stay open seven days a week, and plans to cut a fifth of its workforce. This comes after shareholders backed a multi-million...
Metro Bank revives £3bn mortgage sale after investor bailout
WEBJul 8, 2024 · Metro Bank is reviving plans to offload a multibillion pound mortgage months after an investor bailout rescued it from the brink of collapse. Sky News has learnt that the London-listed high street ...
Metro Bank has a limited future, claims co-founder - BBC News
WEBOct 10, 2023 · Metro Bank faces a "limited future" if it continues with its strategy of focusing on High Street branches, the co-founder of the bank has said.
What is happening at Metro Bank? What customers need to know
WEBOct 9, 2023 · Metro Bank has been saved from going under after a £925 million package was given from investors on Sunday. Backers pledged £600 million of debt refinancing, as well as a £325 million capital...
Troubled Metro Bank kicks off £3bn mortgage book sale
WEBOct 5, 2023 · Metro Bank has kicked off talks about the sale of a £3bn chunk of its mortgage book as part of an increasingly urgent attempt to shore up its fragile balance sheet.
Metro Bank strikes late-night rescue deal - BBC News
WEBOct 9, 2023 · Metro Bank has struck a deal to raise extra funds from investors that it said will secure its future. The deal was announced late on Sunday after days of intense speculation about the...
What's gone wrong for Metro Bank and will Barclays save it?
WEBNov 28, 2023 · Metro Bank shareholders have voted to back a rescue deal aimed at securing its future as Barclays engages in exclusive negotiations to acquire the group's residential mortgage book.
PRA fines Metro Bank £5,376,000 for failing in its ... - Bank of …
WEBSep 12, 2024 · The PRA has imposed a financial penalty on Metro Bank plc of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance, controls and investment with respect to its Common Reporting returns sent to the PRA between 13 ...
Metro Bank raises £925m through debt and funding - Sky News
WEBOct 9, 2023 · Metro Bank has agreed a financing deal, strengthening its troubled balance sheet, following Sky News reports it was seeking the funding. Nearly £1bn (£925m) has been raised by Metro Bank, which has 2.7 million customer accounts, making it one of the 10 largest banks in Britain.
‘Everything is possible’: the Colombian billionaire taking on Metro Bank
WEBOct 13, 2023 · Metro Bank’s new billionaire owner: branch network is ‘a model that works’. Strong personal relationships have been crucial to Gilinski’s career. George Soros put up money in the 1990s to...