Metro Bank considering up to £600m capital raise - reports
5th Oct 2023 07:33
(Sharecast News) - Metro Bank confirmed on Thursday that it is considering its refinancing options following reports it was looking to raise hundreds of millions of pounds from investors.
Read moreMetro Bank hits bump in quest for AIRB approval
12th Sep 2023 10:19
(Sharecast News) - Metro Bank updated the market on its capital planning on Tuesday, reporting that its application for the Advanced Internal Ratings-Based (AIRB) system in relation to residential mortgages had hit a bump.
Read moreMetro Bank hails second quarter of profitability, deposits fall
3rd May 2023 10:48
(Sharecast News) - Metro Bank said on Wednesday that it delivered a second quarter of underlying profitability in the first quarter, although deposits declined.
Read moreMetro Bank narrows full-year losses
2nd Mar 2023 09:29
(Sharecast News) - Metro Bank reported a narrowing of its annual losses on Thursday as it benefited from a rise in interest rates.
Read moreSunday newspaper round-up: Coal-fired power plants, Metro Bank, Asda
22nd Jan 2023 19:47
(Sharecast News) - National Grid has called on coal-fired power plants to prepare to supply power on Monday given that temperatures are expected to remain near zero even as wind speeds remain low. The notifications that they should be ready - if needed - were served to three coal units owned by Drax and EdF. The plants had been scheduled to close in September but that decision was pushed back until 2024 due to soaring gas prices in the wake of Russia's war on Ukraine. According to Bloomberg data, UK futures remain at over the twice the level typically seen at this time of the year. - The Sunday Telegraph
Read moreMetro Bank fined £10m for 2018 breach of FCA rules
12th Dec 2022 07:23
(Sharecast News) - The Financial Conduct Authority has fined Metro Bank £10m for breaching the listing rules by publishing incorrect information to investors, it announced on Monday.
Read moreMetro Bank back in the black in September
2nd Nov 2022 08:50
(Sharecast News) - Metro Bank moved back into the black in September despite current economic conditions, thanks to better margins and the lender's focus on cost discipline.
Read moreMetro Bank losses narrow as it announces new finance chief
28th Jul 2022 10:52
(Sharecast News) - Metro Bank reported growth of 31% in its total underlying revenue in its first half on Thursday, to £236.2m, which it put down to margin expansion and continued momentum in revenue growth, as lending was "optimised" for return on regulatory capital.
Read moreSix high street banks broke CMA information rules
22nd Jul 2022 11:07
(Sharecast News) - Six high street banks were found to have broken rules imposed by the Competition and Markets Authority under the Retail Banking Market Investigation Order 2017, it was revealed on Friday.
Read moreMetro Bank delivers flat QoQ performance
27th Apr 2022 07:59
(Sharecast News) - High street lender Metro Bank has reported a broadly flat quarter-on-quarter performance for the three months ended 31 March but maintained that it remained on track to deliver on its strategic plan.
Read moreBoE may delay bank capital move because of Ukraine war
24th Mar 2022 11:14
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read moreMetro Bank losses narrow as it progresses with turnaround
23rd Feb 2022 08:25
(Sharecast News) - Metro Bank recorded a narrower underlying loss on the back of improved revenues in its 2021 results on Wednesday, as its turnaround plan continued to deliver.
Read moreMetro Bank CFO David Arden steps down
15th Feb 2022 07:26
(Sharecast News) - Metro Bank said on Tuesday that chief financial officer David Arden will step down with immediate effect and leave the business on 1 April.
Read moreMetro Bank fined £5.38m for regulatory reporting failures
22nd Dec 2021 07:49
(Sharecast News) - Metro Bank has been fined £5.38m by the Bank of England for failures in its regulatory reporting following accounting inaccuracies in 2019.
Read moreMetro Bank and Carlyle scrap takeover talks
18th Nov 2021 07:40
(Sharecast News) - Metro Bank and Carlyle Group have called off talks about a potential takeover of the UK lender by the private equity firm.
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