Metro Bank

111 results about this entity

Period: 08 Mar 2010 - 12 Nov 2024

/crime

Metro Bank slapped with £16.7 million fine for four-year financial crime lapse

The UK's Financial Conduct Authority has fined Metro Bank £16.7 million for financial crime failings after a new transaction monitoring system implemented in 2016 went on the blink.

/wholesale

Metro Bank to offer business customers invoice software from BankiFi

Metro Bank has partnered with engagement banking provider, BankiFi, to launch Invoice It – the easy-to-use app and web-based service which helps SMEs send and receive payments.

/retail

Metro Bank taps Pexa to improve re-mortgaging process

PEXA, the world leader behind the first digital property exchange process, today announced that Metro Bank plans to work with them to explore how to make the re-mortgaging journey for their customers faster and easier.

/security

Meta forms data-sharing programme with UK banks to tackle scammers

Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.

/ai

Metro Bank cuts 300 jobs; inks Infosys deal

UK lender Metro Bank is axing around 300 jobs and calling in Infosys for an IT overhaul as it bids to find £80 million a year in savings.

/retail

NatWest buys Metro Bank’s £2.4 billion mortgage portfolio

NatWest has bought Metro Bank’s £2.4b mortgage book, while also admitting to being forced to spend £24m on cancelled “Tell Sid” campaign by the previous government.

/people

Metro Bank founder Anthony Thomson joins ekko board

ekko, a pioneering fintech dedicated to integrating sustainability into every financial transaction, has announced two major appointments as part of its ongoing expansion efforts. The company has confirmed the addition of Anthony Thomson, the founder and former chairman of Metro Bank, Australian neobank, 86 400, and Atom Bank to its board of directors. Additionally, Majda Dabaghi has been named as ekko's new CSO. These two strategic appointments reflect ekko's significant ambition as it enters an important phase of development and expansion following the company’s recent $2.5m in funding.

/retail

Metro Bank returns to profit on elimination of 1000 jobs

Metro Bank reports statutory profit before tax of £30.5 million for the year, the first time since 2018, with a 67% year-on-year reduction in underlying loss to £16.9 million

/retail

Metro Bank CFO James Hopkinson to step down

Metro Bank has announced its CFO James Hopkinson will leave his role after joining in September 2022.

/retail

Metro Bank to review store opening hours and cut 20% of staff

Struggling UK lender Metro Bank is planning to reduce store opening hours and cut 20% of its staff in a bid to slash costs by £50 million per year.

/people

Metro Bank organises tech workshops for kids

Metro Bank has held a series of tech workshops for primary school children from the most deprived parts of London.

/retail

Will Metro Bank be 2023’s next banking collapse?

Metro Bank has had a rough week. News that the UK challenger bank was planning to raise up to £600 million from investors, prompted financial watchdogs to summon the bank’s bosses for a sit-down.