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FCA Questions Metro Bank Managers On Misreporting Scandal

PYMNTS

Metro Bank senior managers are being grilled by the U.K. Six months later, the financial regulator said the probe was widened to involve “certain senior members of management.” Regulators are also looking over Metro Bank’s regulatory reporting and governance for compliance. .

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Metro Joins Bacs For SMB Direct Debits

PYMNTS

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 Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

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. The post Metro Bank UK: 2023’s Next Bank Collapse?

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Disrupting The Security Deposit With Insurance

PYMNTS

metros that time can extend to a decade and beyond. The average security deposit in the U.S. Their savings might cover the security deposit — barely, in some cases — but will more or less be consumed. Affordable housing in many American cities has reached crisis levels.

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Metro’s Accounting Errors Cost Bank Top Clients

PYMNTS

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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Delivering A Secure Seamless Banking Experience In The Age Of COVID-19

PYMNTS

Many CUs are doubling down on their efforts to digitize their services in a secure manner. The 83-year-old CU, which has 16 branches in the metro Phoenix area and holds $1.9 Establishing methods that replace face-to-face banking transactions with secure alternatives is an important need during these changing times, Vas Nunes noted.

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Car Talk: Shift Announces Plans To Go Public

PYMNTS

IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We Securing that capital is even more complicated than the IAC merger.