Metro Bank trims losses as turnaround plans pick up pace
Losses down by 37% as net interest margins grow stonger in tail end of 2021
Company
Metro Bank Holdings PLC
LON:MTRO
Metro Bank is a revolutionary high street bank that provides our customers with unparalleled levels of service and convenience. Founded in 2010, we were the UK’s first new high street bank in more than 100 years. Through our unique customer-focused business we are reinventing the rules of retail banking to make things simpler and more convenient, and provide customers with an amazing banking experience.
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Metro Bank fined £5.4mln over reporting failures
The Bank of England said Metro Bank had presented an inaccurate picture of its regulatory capital position to the Prudential Regulation Authority
Metro Bank shares tank as Carlyle ends bid talks
The bank's board said it “continues to strongly believe in the standalone strategy and future prospects of Metro Bank”
Metro Bank shoots higher after confirming takeover talks with US private equity group
Shares in the challenger bank shot up 40% on the news
OnlyFans makes U-turn on policy change plans
The online platform had planned to remove all sexually explicit content, causing huge backlash
Metro Bank slides as coronavirus inflicts heavy losses
The company reported an underlying pre-tax loss of £271.8mln for 2020, much wider than the £11.7mln loss a year ago, driven primarily by a £124mln charge from the effects of COVID-19
Metro Bank buys RateSetter back book at par value
The portfolio has an average total gross yield of close to 8% and an average weighted loan term of two years remaining
Metro Bank sells £3bn mortgage book to NatWest Group
On completion, the disposal is expected to improve Metro Bank’s liquidity ratios significantly
Metro Bank sees rise in lending as activity levels recover
Lending increased in the quarter with the loan book standing at £15.1bn at end September
Metro Bank swings to loss after opening six new branches in first half
“While the pandemic has weighed heavily on our financial performance, we've made early progress delivering against the strategic priorities set out in February,” said CEO Daniel Frumkin
Metro Bank to expand unsecured lending after RateSetter acquisition
Most of RateSetter's business is unsecured personal loans but the platform also arranges secured auto dealer and property financing.
Metro Bank confirms interest in P2P platform Ratesetter
The challenger bank said it has entered a period of exclusive discussions
Metro Bank says deposits grew in March but lending curtailed
Net loans were down £169mln over the quarter as the lender said it undertook “proactive management of lending growth”
Metro Bank to hand back £50mln competition grant as new CEO cuts back
Metro racked up losses of £131mln in 2019 with a dip in underlying revenue to £400.1mln.
Metro Bank’s new CEO to reveal the extent of the damage in next week’s results
The bank has concluded a dismal year which saw profits plunging following an accounting scandal
Metro Bank makes transformation officer its permanent boss
Dan Frumkin replaces Craig Donaldson, who left the bank after ten years on the post following a dismal 2019
What investors should expect from a hung parliament
Should Boris Johnson's Conservatives fall short of the seats needed to form a government in tomorrow's election, there are some scenarios traders should take note of in order to secure their cash in the face of more uncertainty
Metro Bank bounces as Lloyds rumoured to be considering bid
A takeover might be welcomed by regulators given Metro's fragile financial position following an accounting blunder earlier this year
Metro Bank jumps on search for "right balance" of growth
The company has been under fire after a massive accounting blunder in January still affecting its financial performance and reputation nine months later
Metro Bank founder steps down early
Vernon Hill remains as a non-executive director until 31 December and will then be given an honorary title