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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. The company’s plans were thwarted when it was revealed that it was miscategorizing a number of loans when figuring out capital requirements.

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UK Challenger Banks Stumble On Stress Tests

PYMNTS

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

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why the intense interest in the neo-challengers?

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

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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

PYMNTS

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. metros with more set to be added by Amazon by year’s end. Amazon is advancing warehouse automation tech with a big leveling up of its autonomous cart technology. told Adweek.

Taxes 100
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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

capital appreciation and dividends. Texas Capital Bancshares, Inc. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Not so over the three years I have been keeping track.

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Are Banks Different?

Jeff For Banks

[Bank A’s] results in 2016 demonstrate our commitment to grow low-cost transaction deposits, improve our noninterest income lines of business, maintain strong credit metrics while growing loans, prudently deploy capital, and become a more efficient company. Our existing markets represent a significant growth opportunity for our company.

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