PYMNTS

FEBRUARY 5, 2020

challenger bank Metro Bank has joined the Pay.UK-operated operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. SMBs and FinTechs. Unlike the U.S.,

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Metro Boston Technology Security 130

PYMNTS

MAY 31, 2019

’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in The Guardian on Thursday (May 30) said Pomerantz and Levi & Korsinsky, both based in New York, have opened these investigations, joining Glancy Prongay & Murray, which confirmed it launched a probe earlier this month.

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Metro Fraud New York Security 162

PYMNTS

FEBRUARY 26, 2020

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. Frumkin said on Wednesday (Feb.

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Metro Report Lending Regulation 187

PYMNTS

DECEMBER 11, 2019

based Metro Bank has begun piloting a new corporate expense management solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The new service provides automated data capture on receipts for professionals traveling and making purchases on behalf of their companies.

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Metro Management Data Innovation 130

TheGuardian

OCTOBER 9, 2023

Lender confirms customers have started to pull money out amid worries over its financial health What is happening at Metro Bank? Metro Bank is launching a fresh cost-cutting drive after the embattled lender clinched a £925m rescue package from investors over the weekend.

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Metro 74

PYMNTS

SEPTEMBER 17, 2019

Metro Bank senior managers are being grilled by the U.K. Metro Bank is also being investigated by the Bank of England’s Prudential Regulation Authority and is ready to issue loss-absorbing debt as required of large banks. . Regulators are also looking over Metro Bank’s regulatory reporting and governance for compliance. . “As

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Metro Management Regulation New York 116

PYMNTS

DECEMBER 16, 2019

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 Maine Innovation Examples 130

PYMNTS

FEBRUARY 14, 2019

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. Neither companies are commenting on the news, and reports noted that talks are ongoing, and a deal is not guaranteed. That was demonstrated again this week (Feb. Store Woes. billion ($1.17

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Metro Retail Online Operations 148

TheGuardian

DECEMBER 12, 2022

FCA also penalises two of challenger bank’s former top executives The City regulator has fined Metro Bank and its two of its former top executives more than £10m for misleading investors.

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Metro Regulation 76

TheGuardian

MARCH 13, 2024

Lender nearly triples size of cost-cutting plan to £80m after autumn rescue deal Business live – latest updates Metro Bank is cutting 1,000 jobs and ending its trademark seven-day branch model, after nearly tripling the size of its cost-cutting plan after its autumn rescue deal.

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Metro 73

TheGuardian

OCTOBER 6, 2023

Lender’s stock hit all-time low after news it was exploring selling off up to 40% of mortgage book Metro Bank shares rebounded from all-time lows on Friday , amid reports that the embattled lender was sitting on a £600m offer from bondholders that could cover its looming funding pressures.

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Metro Report Capital Regulation 59

PYMNTS

OCTOBER 3, 2019

The ongoing fallout from an accounting error at Metro Bank will now see Founder Vernon Hill completely exit the group after previously announcing he would remain on the board. “Vernon is the inspiration behind Metro Bank , the first high street bank to open in the U.K. Reports in The Guardian on Wednesday (Oct. 31, reports noted.

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Metro Leadership Report Capital 124

PYMNTS

SEPTEMBER 17, 2019

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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Metro Lending Fraud Capital 100

TheGuardian

SEPTEMBER 11, 2023

I moved house a few years ago and have been passed from pillar to post as I try to update my details I have an Isa with Metro Bank that I have had for 15 years or more. I had to complete a validation process, which I failed, but Metro refused to tell me why. My problem is, I keep failing its security checks. Continue reading.

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Metro Security 59

PYMNTS

OCTOBER 23, 2019

Metro Bank Co-founder and Chairman Vernon Hill stepped down as chairman on Wednesday (Oct. Earlier this year, Metro Bank revealed an accounting error that kicked off a rocky year, and led some of its top clients to leave the bank. Metro’s stock has fallen nearly 90 percent over the course of this year. million ($6.3

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Metro Course Report 100

PYMNTS

AUGUST 12, 2019

Reports in The New York Times on Friday (Aug. Metro) is embroiled in a dispute with bus maker New Flyer of America. Metro to tie procurement to job commitments by awarding contracts based on vendors that could meet those requirements for salary and job creation. Metro declined to comment, reports said.

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Metro Los Angeles Michigan America 115

PYMNTS

SEPTEMBER 23, 2019

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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Metro Meeting Capital Marketing 108

TheGuardian

NOVEMBER 4, 2021

US private-equity group Carlyle has until 2 December to make formal offer or walk away Shares in Metro Bank have surged after it received an approach about a possible takeover by the US private-equity group Carlyle.

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Metro US Groups Marketing 70

PYMNTS

FEBRUARY 4, 2019

Metro Bank, a British financial institution launched in 2010, said it was targeted by cybercriminals in a scheme where a vulnerability in text messaging between the bank and customers was used as an attack, according to a report by Reuters. The bank said on Monday (Feb. 4) that the fraud was also perpetrated on other British banks.

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Metro Fraud Study Capital 122

PYMNTS

FEBRUARY 14, 2019

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in Germany-based Metro AG’s wholesale operations in China. Neither companies are commenting on the news, and report noted that talks are ongoing, and a deal is not guaranteed. That was demonstrated again this week (Feb. Store Woes. billion euros ($1.17

Metro 100

Metro Retail Operations Online 100

TheGuardian

NOVEMBER 30, 2023

Lender to ramp up cost-cutting plans after rescue deal and assess seven-days-a-week branch model Metro Bank plans to cut about 800 jobs by the end of March, and review its famous seven-days-a-week branch model, after ramping up cost-cutting plans in the wake of last month’s multimillion-pound rescue deal.

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Metro 60

TheGuardian

OCTOBER 5, 2023

The bank is operating at the edges of its capital requirements and shares have tumbled by 30% Metro Bank’s shares plunged by 30% on Thursday after it emerged on Wednesday night that the lender was preparing to ask investors for hundreds of millions of pounds to shore up its balance sheet. Here’s what it means for the bank and its customers.

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Metro Capital Operations Regulation 75

PYMNTS

AUGUST 5, 2019

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones. There are plans to launch the app across all of its 27 stores in 17 cities in the near future. “The

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Metro Retail Online Fintech 110

TheGuardian

NOVEMBER 27, 2023

Jaime Gilinski Bacal to increase stake to 53% as lender secures £325m in new capital and £600m of debt The embattled high street lender Metro Bank can proceed with a multimillion-pound rescue deal after receiving approval from its shareholders.

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Metro Capital Security 50

PYMNTS

APRIL 13, 2018

“Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Through a new fare payment platform, customers will eventually be able to tap their mobile devices to pay at WMATA’s faregates.

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Metro Las Vegas Mobile System 126

TheGuardian

NOVEMBER 18, 2021

Two weeks ago, Metro Bank said it was in discussions about a takeover approach from private equity giant Carlyle. As it headed to the exit, Carlyle didn’t even offer a few polite words of encouragement for the Metro management crew trying to revitalise a lender whose go-go expansion plans were blown apart by a misreporting scandal in 2019.

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Metro Industry Management 71

Bussman Advisory

OCTOBER 7, 2023

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse?

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Metro blockchain Cards Samsung 52

TheGuardian

NOVEMBER 18, 2021

Troubles for challenger bank continue, with Carlyle Group saying it was no longer interested Metro Bank shares have slumped after the US private equity firm Carlyle Group said it had ended its interest in buying the UK challenger bank. Carlyle said it had agreed with the bank “to terminate discussions regarding a possible offer”.

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Metro US Groups 69

TheGuardian

APRIL 7, 2023

Glass Lewis urges investors to vote against award, saying 20% hike unjustified given average 5% rise for staff Metro Bank is at risk of a shareholder rebellion over executive pay, after an influential investor advisory firm said the high street lender had failed to justify a “significant” 20% salary hike for top bosses.

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Metro Meeting How To Management 50

TheGuardian

AUGUST 5, 2020

CEO creates debt-handling teams to deal with defaults linked to Covid-19 crisis Coronavirus – latest updates See all our coronavirus coverage Metro Bank will not urge staff to return to the office until the winter flu season is over but it is ramping up hiring to handle a surge in defaults linked to the Covid-19 crisis.

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Metro Trends 75

American Banker

OCTOBER 12, 2023

Banco Santander Chairman Ana Botin said she's is always looking at potential smaller acquisitions, responding to a report that the Spanish lender had been approached about a possible bid for Metro Bank Holdings.

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Metro Report Industry 31

TheGuardian

FEBRUARY 16, 2024

From its lavish launch parties to a 2019 accounting scandal, the UK challenger bank has been beset by controversy In early 2008, inside the Seashell fish and chip shop in Marylebone, west London, Anthony Thomson was about to make a deal.

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Metro US 72

PYMNTS

OCTOBER 1, 2019

Today in the payments news roundup, challenger banks in the U.K. Challengers like Monzo , Santander and Metro Bank were forecast to put a stop to the dominance of the big four. Metro Bank shares dropped 30 percent after it was forced to cancel a planned bond sale, while Santander lost 1.5 Challenger banks in the U.K.

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Metro New York City Payments New York 101

PYMNTS

MAY 2, 2019

Some of Metro Bank’s largest customers left the institution following revelations of accounting mistakes, according to Wednesday (May 1) reports in the Financial Times. “There has to be a new chief executive,” said one unnamed fund manager in an interview with the news outlet in January.

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Metro Report Capital Regulation 123

PYMNTS

OCTOBER 10, 2018

Welcome to The Axis, your look at payments news from around the world. has tapped Adyen for online and in-store payments in Europe , and the Bangalore Metro Rail Corporation in India is at work on a quick response (QR) code ticketing system. In other European payment news, Gap Inc. In addition, Gap Inc. Ireland and Italy.

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Metro Payments Training Cards 155

Payments Source

JUNE 20, 2016

Malaysian remittance company Metro Money Exchange has selected Dragonfly Fintech, a Singapore-based blockchain technology provider, to power its remittance business.

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Metro blockchain Fintech Technology 60

PYMNTS

APRIL 5, 2020

Metro Bank was the first lender to say it would return the 50 million BCR pounds, though Metro will still be trying to accomplish a fraction of its plans to work in the business banking field. The lender will also be giving back the 50 million pound grant from the BCR fund, the statement said.

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Metro Mobile Company Payments 159