Metro Bank sells £584m unsecured personal loan book to unnamed buyer
26th Feb 2025 07:04
(Sharecast News) - Metro Bank on Wednesday said it had struck a deal to sell a portfolio of around £584m performing unsecured personal loans to an unnamed buyer.
Read moreMetro Bank in talks to offload consumer loan book portfolio
30th Jan 2025 10:09
(Sharecast News) - Metro Bank has confirmed it is in talks to offload its performing consumer loan portfolio, as part of a wider plan to refocus on commercial lending.
Read moreFCA fines Metro Bank £16.7m for anti-money laundering failings
12th Nov 2024 07:14
(Sharecast News) - The Financial Conduct Authority said on Tuesday that it has fined Metro Bank £16.7m for failing to have the right controls in place to combat money laundering.
Read moreMetro Bank shares jump on upgraded guidance
31st Jul 2024 09:44
(Sharecast News) - Metro Bank shares were rocketing on Wednesday morning, after it upgraded its guidance on the back of a strong set of first-half results.
Read moreMetro Bank sells residential mortgages to NatWest
26th Jul 2024 08:37
(Sharecast News) - Metro Bank inked a deal to sell a portfolio of residential mortgages to NatWest Group.
Read moreMetro Bank revives £3bn mortgage sale - report
8th Jul 2024 10:44
(Sharecast News) - Metro Bank is reportedly reviving plans to offload a multibillion pound mortgage months after an investor bailout rescued it from the brink of collapse.
Read moreDeposits push higher at Metro Bank
30th Apr 2024 10:11
(Sharecast News) - Metro Bank saw deposits edge up in the first quarter, the high street lender confirmed on Tuesday.
Read moreSunday newspaper round-up: Stamp duty, Wind energy, Metro Bank
31st Mar 2024 19:06
(Sharecast News) - Investment companies are calling on government to bin the stamp duty on share trading in order to revive the London stock market and the country's economy. The bosses at Abrdn, AJ Bell, Hargreaves Lansdown and Interactive Investor all told The Mail on Sunday that politicians must pledge to ditch the tax. According to Abrdn's Stephen Bird, the levy was unpatriotic and economically destructive. Removing it might be the single biggest boost to UK share ownership, he said. - The Financial Mail on Sunday
Read moreMetro Bank records first profit since 2018
13th Mar 2024 07:57
(Sharecast News) - Metro Bank has reported its first annual statutory profit in five years despite a flat top line as the UK high street bank launched a cost-savings programme that cut store hours and roles across the business.
Read moreBillionaire banker Jaime Gilinski Bacal joins Metro Bank's board
24th Jan 2024 12:33
(Sharecast News) - Metro Bank has appointed Colombian billionaire banker and real estate developer Jaime Gilinski Bacal to its board after his firm became a controlling shareholder in the bank last year.
Read moreMetro Bank CFO James Hopkinson to step down
12th Jan 2024 07:39
(Sharecast News) - Metro Bank said on Friday that chief financial officer that James Hopkinson has agreed to step down with immediate effect.
Read moreLondon close: Stocks mixed after US, Europe inflation data
30th Nov 2023 15:16
(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.
Read moreMetro Bank to cut 20% of staff as it looks to save £50m a year
30th Nov 2023 07:52
(Sharecast News) - Metro Bank said on Thursday that it plans to axe around 20% of its staff and is reviewing its policy of keeping branches open seven days a week as it looks to save around £50m a year.
Read moreBarclays in talks to acquire mortgage portfolio from Metro Bank
27th Nov 2023 13:44
(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.
Read moreSunday newspaper round-up: Rolls-Royce, Minimum wage, Metro Bank
26th Nov 2023 20:42
(Sharecast News) - Rolls-Royce chief Tufan Erginbilgic is expected to push for government backing for the company's small modular reactors. The engineer has already received approximately £200m in government funding and has a lead on its domestic and foreign rivals, but Erginbligic is worried that they might catch up. The government's lukewarm attitude may also make potential foreign buyers hesitate. - The Financial Mail on Sunday
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