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

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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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Lending Club, Amex, Airbnb And PayPal: Why Payments Never Bores

PYMNTS

And perhaps even more impressive is that, while the top-of-the-fold news has been a neverending carnival of wonders, flipping through the metro and financial pages almost never disappoints. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.

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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. Alt-Lending. They need to manage the burn, drift and cut losses.”.

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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. . Metro City Bank.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Hats off to Greg for taking a $600 million credit union to a $5 billion innovator over his 25 years at the helm. Capital One quit mortgage late in 2017.

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. It is an innovator with tech (e.g., The Tech Award – Goes to Capital One.

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