Metro Bank: What's going on and is my money safe? - BBC News
Metro Bank was set up in 2010 as a "challenger" bank to bigger, more traditional lenders. It was launched in the wake of the financial crisis and was the first High Street bank to open in the UK in more than 100 years. Its founder, American businessman Vernon Hill, said at the time that he wanted to do things … See more
Metro Bank has revealed plans to cut more than 850 jobs and shorten its opening hours. The lender has faced a number of … See more
Metro Bank's share price started to slide in September after the decision by the Bank of England not to allow the bank to use its own internal … See more
Metro Bank is a publicly listed company on the London Stock Exchange. This means that its shares are sold to the public who become part owners, or shareholders, in the business. Metro Bank's biggest shareholder is Spaldy Investments. It is an investment vehicle … See more
Metro Bank is operating as normal and does not face any immediate threat. Customer deposits up to £85,000 are protected by the Financial Services Compensation Scheme, which guarantees that if a bank runs into trouble, depositors will get their money … See more
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.
- Events of metro bank news
Metro Bank revives £3bn mortgage sale after investor bailout
WEBJul 8, 2024 · The high street lender, which secured a £925m lifeline last October, is working with Morgan Stanley on a capital raise from the sale of the mortgages. The …
Metro Bank closes its Tottenham Court Road branch
WEB9 hours ago · by Editors 1:40 pm, Tuesday, 1 October 2024. The Metro Bank site on the corner of Store Street and Tottenham Court Road. Photo: Fitzrovia News. Metro Bank …
Troubled Metro Bank kicks off £3bn mortgage book sale
WEBOct 5, 2023 · The troubled high street lender has contacted potential buyers of its mortgage assets as part of a wider capital-raising plan. Metro Bank faces regulatory pressure and market uncertainty after its shares …
Metro Bank: What's going on and is my money safe?
WEBNov 30, 2023 · Metro Bank currently has 76 branches across England and Wales, and in July said it planned to open 11 more across the north of England in 2024 and 2025. What's been going on? Metro Bank has...
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Metro Bank strikes late-night rescue deal - BBC News
WEBOct 9, 2023 · The troubled lender has raised £325m from investors and refinanced £600m of debt, after days of speculation about its financial position. Colombian billionaire Jaime Gilinski Bacal will become its …
Metro Bank seeks bids within weeks for £3bn mortgage book
WEBOct 15, 2023 · Metro Bank wants rival high street lenders to submit offers by early November as it continues to repair its balance sheet, Sky News understands.
Metro Bank strikes late-night rescue deal - BBC
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 is happening at Metro Bank? What customers …
WEBOct 9, 2023 · Metro Bank, a London-based lender, secured a £925 million deal to avoid going under after facing financial difficulties since 2019. The deal involved debt refinancing, capital raise, and a new controlling …
