PYMNTS

FEBRUARY 26, 2020

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 bank had to reconfigure its strategy after fourth-quarter results showed a pre-tax loss of £130.8

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Metro Lending Strategy Taxes 154

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 74

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. Unlike the U.S.,

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Metro Boston Technology Security 130

Bank Innovation

MAY 1, 2018

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

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Metro Tools Retail Management 199

TheGuardian

OCTOBER 9, 2023

Chief executive’s boast that there is nothing wrong with its business model will sound hollow to those nursing a 97% loss Once upon a time, Metro Bank was going to shake up the old guard in the banking world via the radical strategy of opening branches while others were closing them.

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Metro Strategy Retail Marketing 59

PYMNTS

MAY 31, 2019

’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. According to Pomerantz, the probe “concerns whether Metro Bank, and [certain officers] and/or directors, have engaged in securities fraud or other unlawful business practices.”

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Metro Fraud New York Security 162

PYMNTS

DECEMBER 27, 2019

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. The bank still lacks a permanent chief executive officer or chairman, reports noted. could ramp up the U.K.’s

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Metro Leadership Report Digital Banking 131

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. Metro Bank is building a suite of compelling tools that will help transform the small business banking experience in the U.K.,”

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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. million SMBs in the UK that rely on having cash on hand to do business every day. There are about 4.2 There are about 4.2

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Metro Maine Innovation Examples 130

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. After the error was revealed, the bank was forced to raise $484 million in new shares.

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Metro Report Lending Regulation 187

South State Correspondent

AUGUST 3, 2023

Seasoned bankers call it “The Distributor Tactic,” and it is a little-discussed technique used for ages in banking to speed up the sales cycle to land commercial bank deposits and treasury management accounts faster. A banks increase cross-sell, commercial bank deposits grow.

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Metro Data Management Marketing 195

PYMNTS

SEPTEMBER 24, 2020

According to a press release , the service will help businesses deepen engagement and engender customer loyalty. The service can be used by businesses like enterprise accounting firms to reduce cost, the release stated. "We s Metro Bank on a new corporate expense management solution, PYMNTS reported.

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Tools Metro Data Software 181

Chris Skinner

MARCH 18, 2019

Things we’re reading today include … Regulators press for overhaul of Metro Bank board UK bankers on standby as City readies no-deal contingency plans More than £100bn of UK property is secretly owned Brexit spurs biggest cut in UK business investment in 10 years: BCC Banks discriminating against the vulnerable, … The post Things (..)

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Metro Regulation 165

PYMNTS

FEBRUARY 25, 2019

.’s Banking Competition Remedies has awarded the first batches of the Royal Bank of Scotland’s $1 billion fund to competing banks in an effort to boost competition in the market, particularly for small to medium-sized business (SMB) services. ’s growing challenger bank population.

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Metro Strategy Industry Lending 116

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. “A small number of large commercial and partnership customers” decided to leave the bank, he said. percent of its portfolio, reports said.

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Metro Report Capital Regulation 123

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. s small business banking sector.

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Metro Lending Fraud Capital 100

PYMNTS

SEPTEMBER 30, 2019

Challenger banks in the U.K. While challengers such as Metro Bank , Santander and Monzo were expected to put a stop to the dominance of the big four, they are instead failing to thrive, according to the Financial Times. bank to a U.K. Now after last week’s share price drop, Metro Bank is believed to be a takeover target.

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Metro Regulation Report Management 181

PYMNTS

AUGUST 30, 2020

s banks reconfigure their branches to accommodate a COVID-19 world, some are converting portions of the underused real estate into office space. The Financial Times (FT) reported some banks will use the branches as an alternative to high-rise headquarters. The EU’s largest banks estimated there will be at least 23 billion euros ($26.8

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Metro Maine Resources Strategy 188

Chris Skinner

JULY 4, 2017

Every July The Banker publishes their analysis of the Top 1000 banks in the world. This year is particularly interesting as there is a clear impact of Brexit on the British banks. UK banks made less than half the profits compared to French banks and the gap is likely to widen with a Macron business boost expected across the Channel.

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Metro Capital Taxes Maine 403

Bussman Advisory

OCTOBER 7, 2023

This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse? UK’s Metro Bank shares plummeted by 31% following reports of its urgent need to raise funds to stabilize its finances.

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Metro blockchain Cards Samsung 52

PYMNTS

MARCH 2, 2020

are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced a number of setbacks, including one bank returning half of its awarded money, according to a report by the Financial Times. to give customers more choices in banking. million.

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Metro Operations National Examples 131

PYMNTS

MARCH 6, 2020

Many of these providers are particularly competing for small- to medium-sized businesses (SMBs) to join their faster payments network over another, which can be tricky as more competitors enter this space. The Central Bank of Brazil has announced plans to release an instant payments system, which will use QR codes for ease.

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Payments New York Metro New York City 304

Independent Banker

JANUARY 31, 2023

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.

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Community Bank Community Phoenix Arizona 172

PYMNTS

JULY 6, 2020

After a fund supported by the European Union granted it £100 million, Starling Bank is seeking grants worth as much as £35 million. BCR has a pool of funds created by the Royal Bank of Scotland (RBS) to foster competition in the British banking space. million clients — 180,000 of them small companies.

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Metro Meeting Digital Banking Regulation 143

PYMNTS

OCTOBER 21, 2019

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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Metro US Online National 101

PYMNTS

MARCH 3, 2020

Nationwide Building Society has pushed back the rollout of its small- to medium-sized business (SMB) account to later this year, instead wanting to focus for now on the testing of its mobile app and building an open banking-powered switching tool, according to Finextra. The company received a 50-million -pound ($64.1

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Tools Metro Company Fintech 130

BankBazaar

JANUARY 6, 2022

The non-metro average loan ticket size fell sharply to Rs.1.73L Metros, on the other hand, climbed up to an average loan ticket size of Rs.1.91L 1.87L, overtaking the non-metros. Explore and compare tailor-made offers from our banking partners and choose one that suits your profile best. Average Loan Ticket Sizes .

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Report Metro Cards Trends 145

PYMNTS

OCTOBER 5, 2020

Small and medium-sized businesses (SMBs) in the U.K. When businesses have tried use different banks, they have found that lenders will only take applications from current customers. Last week, HSBC said it will not open accounts for new business customers because it must first serve its existing customers. .

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Metro Report Company Lending 141

Bobsguide

JUNE 5, 2018

Founded in 2010, Metro Bank has seen rapid growth in its 8 years of existence, gathering some 1.5m Young enough to be called a challenger yet using a business model more closely aligned with the high street banks of old, Metro Bank is in limbo between both camps in the great.

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Metro 68

PYMNTS

JULY 29, 2019

Revolut is set to appoint Metro Bank executive David MacLean as its new chief financial officer. He has served as the finance director at Metro since 2016, and will remain on board until October while it searches for his replacement. MacLean will join Revolut later this year, pending regulatory approval.

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Metro Cards Company Operations 122

PYMNTS

DECEMBER 21, 2018

Eleven banks have been granted access to a £350 million ($443 million USD) program that will allow for them to take business clients away from the Royal Bank of Scotland (RBS). In exchange, regulators want those funds to be used by competitors to promote bank switching and industry competition.

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PYMNTS

FEBRUARY 21, 2019

government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a financial boost to industry competitors has hit roadblocks that could spark controversy as the first of the funds are issued. Reports in the Financial Times on Wednesday (Feb.

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Metro Policies Report Branding 190

PYMNTS

AUGUST 9, 2018

The August edition of the B2B API Tracker explores how banks and other financial players are turning to APIs to support open banking, facilitate faster payments and improve business clients’ cash flow management. Banking APIs are becoming especially prevalent in the U.K., with open banking solutions provider The ID Co.

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Trends Metro Software Resources 100

PYMNTS

MARCH 15, 2019

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

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National Community Bank Metro Lending 139

PYMNTS

JUNE 18, 2019

challenger bank Tide is closing in on surpassing the market share of competitor The Co-Operative Bank , reports in AltFi said this week, highlighting the traction that new market entrants are gaining. s small business banking market. In first place is CYBG, with about 190,000 current small business accounts, reports said.

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Metro Operations Marketing US 108

PYMNTS

SEPTEMBER 12, 2019

stores and businesses can earn a fee when they offer customers cashback when making a purchase. The cashback incentive starts in April 2020 and is intended to provide an additional income stream for businesses while also increasing consumers’ access to cash. A new resource to expand cash access in the U.K. Ireland, Nordics and Baltics.

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Retail Metro ATM Resources 129

PYMNTS

AUGUST 15, 2019

FinTechs have been named as the next winners of funds from the Royal Bank of Scotland (RBS) to boost financial services and increase competition in the U.K. small business banking space. Iwoca raised £10 million, with plans to make half of it available to small businesses by 2023. SmallBusiness.co.uk

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Metro Security Operations Fintech 108