All the updated news related to metro bank

All the news related to metro bank updated in real time

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One in 12 businesses default on Covid loans, figures show

Banks ask Government to pay £1 in every £9 for Covid loans

Around one in 12 businesses have defaulted on the Government-backed loans they took during the pandemic. The Department for Business, Energy and Industrial Strategy revealed on Thursday that £414 million has so far been paid out to cover loans that ...

28 Jul 2022 at 16:08

City

Metro Bank posts record revenue growth as cost-cutting continues

Metro Bank has reported record revenue growth after benefiting from higher interest on customer loans so far this year. The bank said its revenue grew by 31% to £236.2 million in the six months to June 30, compared with £179.8 million in the same ...

28 Jul 2022 at 15:25

City

Metro Bank losses hit £245m as lender reels from fines and sanctions

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million, which was an ...

23 Feb 2022 at 11:55

City

Metro Bank losses hit £245m as lender reels from regulator fines

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators. The bank said pre-tax losses for 2021 hit £245.1 million, which was an improvement on the £311.4 million ...

23 Feb 2022 at 09:25

City

Metro Bank fined £10m for giving investors false information

Metro Bank has been fined £10 million by the UK’s financial regulator for knowingly publishing incorrect information to investors in 2018. Two of the bank’s former bosses, chief executive Craig Donaldson and chief financial officer ...

12 Dec 2022 at 09:08

Personal Finance

Digital banks beat high street lenders in customer satisfaction survey

Britain’s digital banks have held on to the top spots in customers’ rankings of personal and business bank accounts, muscling ahead of high street lenders for another year. Monzo was voted the best provider for individuals and ...

15 Aug 2023 at 15:32

City

Metro Bank swings to half-year profit as it ‘fixes issues of the past’

Metro Bank has hailed its strongest financial performance in “several years” after swinging to a half-year profit, as it was bolstered by higher interest rates and the completion of its turnaround plan. The banking group ...

01 Aug 2023 at 12:11

City

Metro Bank shares plunge on £600m capital raise reports

High street lender Metro Bank has seen its shares plunge as it considers a reported £600 million capital raise to shore up its finances. The bank’s shares tumbled by as much as a third soon after market opening on ...

05 Oct 2023 at 09:43

City

Colombian billionaire joins Metro Bank board after leading rescue deal

Colombian billionaire Jaime Gilinski Bacal has appointed himself to the board of Metro Bank after leading a rescue deal and winning control of the struggling UK lender. Mr Gilinski Bacal will join the board as a ...

29 Jan 2024 at 09:32

City

Metro Bank announces new deal with investors to shore up finances

Metro Bank has announced a new deal with investors to shore up its finances. The deal includes a £325 million capital raise and £600 million in debt refinancing. Spaldy Investments Limited, Metro Bank’s largest ...

08 Oct 2023 at 23:35

City

Metro Bank rescue deal leaves Colombian billionaire as biggest shareholder

Bosses of ailing Metro Bank managed to agree a deal with shareholders on Sunday after crunch weekend meetings which saw a Colombian billionaire seize a controlling stake in the bank. The high street lender ...

09 Oct 2023 at 08:52

City

Metro Bank shareholders approve rescue deal in crunch vote

Metro Bank’s shareholders have approved a funding package worth £925 million in a bid to secure its future on Britain’s high streets. The proposals were passed with more than 90% of shareholders voting in ...

27 Nov 2023 at 15:31

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