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RBS Fund Takes Back £50M From Metro Bank

PYMNTS

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. The company’s plans were thwarted when it was revealed that it was miscategorizing a number of loans when figuring out capital requirements.

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UK Challenger Banks Stumble On Stress Tests

PYMNTS

As well, those upstart financial institutions also are operating with an “aggressive focus on growth,” according to regulators, and “tend to make risker loans.”. The main problem reportedly stems from challenger banks’ failure to support “assumptions in their stress test models,” according to the news outlet.

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Union Budget 2021: Highlights

BankBazaar

We await the operational details of the scheme now. Metro services announced in 27 cities, plus additional allocations for Kochi Metro, Chennai Metro Phase 2, Bengaluru Metro Phase 2A and B, Nashik and Nagpur Metros. In urban areas, 83.7 percent of families paid out of their savings, with 8.5 Infrastructure.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why the intense interest in the neo-challengers?

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

For startups, 2016 wasn’t the best year in venture capital. VCs used 2016 to manage costs, set priorities and valuations,” explained Rahul Khanna, managing partner at Trifecta Capital, in an interview with Business Standard published Wednesday (Dec. They need to manage the burn, drift and cut losses.”. and the U.S. Alt-Lending.

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Inside The Race For Flying-Taxi Liftoff

PYMNTS

The news came as the company raised some $55 million in new funding — capital that will go toward the development of new, commercially viable flying taxies, he told PYMNTS. Flying-Taxi Expectations. So when can people expect that? “It It might be fewer years than people expect,” Reuter said, adding that he is working toward a 2022 goal.

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The top-performing community banks of 2021

Independent Banker

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. . Capital Community Bank.