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Metro Bank Struggles To Find A Buyer

PYMNTS

challenger financial institution Metro Bank is struggling to find a buyer as potential suitors are turned off by the bank’s expensive business model, the Financial Times reported Friday (Dec. Reports said Metro Bank is planning to further expand its physical network, which currently includes 70 bank branches across the U.K.

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Metro Bank shares plummet as bank prepares fundraising drive

TheGuardian

Stock falls by 25% in early trading as high street lender seeks to raise £350m to shore up its balance sheet Metro Bank shares have plunged after news that the high street lender is seeking to raise hundreds of millions of pounds to shore up its balance sheet.

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Metro Bank Links With ezbob For Same-Day SMB Loans

PYMNTS

To provide a digital lending offering for small business clients, Metro Bank has collaborated with banking software provider ezbob. Metro Bank Chief Commercial Officer Paul Riseborough said, according to reports, “We know quick, reliable access to finance is crucial for small businesses to seize opportunities to grow.

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Metro Bank Introduces Cash Delivery Service For SMBs

PYMNTS

Metro Bank has launched an app called MCash for small- and medium-sized businesses (SMBs) to pick up and drop off cash as needed, according to reports on Monday (Dec. Metro Bank’s customers will make about 250,000 trips to either deposit or take money out every year, an activity that totals about £30 million of deposits every month.

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Metro Bank Pulls Back On Commercial Lending

PYMNTS

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. Metro will look to instead focus on residential property financing as it seeks a new chairman. Following a series of setbacks for U.K. The Times on Sunday (Sept.

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Alibaba Bids For Metro Brick-And-Mortar Stores In China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in the Chinese wholesale operations of Germany-based Metro AG. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them. Metro reported that same-store sales in Asia rose a currency-adjusted 7 percent to €1.04

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Metro Fails To Attract Investors To Bond Issue

PYMNTS

Metro Bank in the U.K. Metro Bank PLC thanks the broad number of investors who have met with the company and shown interest in their potential inaugural MREL issuance,” the bank said. Given the current market conditions though Metro have elected to not proceed with a transaction at this time.”.

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