Remove Management Remove Metro Remove Operations Remove Taxes
article thumbnail

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

Metro 154
article thumbnail

Managing Spend In A Sector Where Unplanned Expenses Are The Norm Issues

PYMNTS

The latest Workforce Spend Playbook examines how an increasingly younger workforce is changing employees’ and employers’ approaches to payment and expense spending, as well as the ways manual spending tools could hurt both during tax season and in spend reporting. Why Deft Spend Management Is Crucial To Successful Event Planning.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

UK Metro Bank Hit By Messaging Scams

PYMNTS

To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions. Metro said that the attacks are leveled at a number of British banks, a roster that includes Metro. “Of

Metro 169
article thumbnail

Consumer Lending: Should Banks Do It?

Jeff For Banks

Which we already do via buying mortgage back securities and using loan brokers in metro areas. Looking at our peer group numbers, the consumer loan costs a little above $1,100 per year in operating expense to originate and maintain. pre-tax profit as a percent of the portfolio. Are you ready to be Web Bank , part deux?

Lending 60
article thumbnail

Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The Houston metro took the 10th spot with a 20.3% increase, while the San Antonio metro, up 19.4%, ranked 12th. Deepening roots.

Texas 182
article thumbnail

Union Budget 2021: Highlights

BankBazaar

We await the operational details of the scheme now. Metro services announced in 27 cities, plus additional allocations for Kochi Metro, Chennai Metro Phase 2, Bengaluru Metro Phase 2A and B, Nashik and Nagpur Metros. However, in case of serious tax-evasion cases (Rs. In urban areas, 83.7

Metro 122