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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. Three banksMetro, Starling and ClearBank – were collectively given £280 million from the RBS bailout fund last year.

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Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […].

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. As part of the realignment, select branches of Popular Bank will be consolidated, resulting in 11 branch closures.

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UK’s Starling Bank Seeks Government Grants To Build New SMB Offerings

PYMNTS

The new funding had become available after two banks that had been granted funds at first — Nationwide and Metro Bank — returned £100 million overall. Starling Bank Chief Executive Anne Boden started Starling Bank in 2014 as a completely digital bank and today it counts more than 1.4

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Open Banking Casts Global Net

PYMNTS

The collaboration provides HSBC with access to Bud’s Open Banking aggregation, data intelligence and market API solutions, which HSBC said will “underpin” new financial services and technologies that the bank plans to roll out next year.

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Santander Rolling Out US Digital Deposits To Rival Goldman

PYMNTS

The bank is planning to roll out a “national deposit gathering platform” in 2020 to reel in more attractive rates for its consumer business, Scott Powell, chief executive officer (CEO) of Santander in the U.S., financial statement spans credit cards, car loans and banking, and is considered an important asset among European players.

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UK Challenger Banks Stumble On Stress Tests

PYMNTS

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

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