Bank Innovation

JANUARY 23, 2019

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

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Metro Capital Online Fintech 170

Bank Innovation

APRIL 17, 2018

Metro Bank today revealed the launch of a new AI- powered money management tool called Insights. The tool will continuously monitor users’ transactions in real-time to better understand clients’ spending habits. Insights was developed with AI chat […].

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Metro Tools Management Innovation 170

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

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Metro Lending Strategy Taxes 154

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. Reports said Metro Bank is planning to further expand its physical network, which currently includes 70 bank branches across the U.K.

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Metro Leadership Report Digital Banking 131

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. SMBs and FinTechs. Unlike the U.S.,

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Metro Boston Technology Payments 130

PYMNTS

DECEMBER 10, 2018

In addition, PUC Berhad is teaming up with Revenue Group Berhad for online-to-offline (O2O) payments in Malaysia , and the United Kingdom’s Metro Bank is upgrading its mobile app to bring mobile payments to over 38 nations. Coverage includes Singapore’s Singtel rollout of international payment options in its Dash mobile app.

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Metro Mobile Payments Groups 168

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. Accounting tasks, along with chasing invoices and staying on top of receipts, are major pain points for [SMBs],” said Metro Bank Chief Commercial Officer Paul Riseborough. “By

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Metro Management Data Innovation 130

PYMNTS

MARCH 9, 2020

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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Metro Lending Strategy Capital 142

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. Metro Bank’s customers will make about 250,000 trips to either deposit or take money out every year, an activity that totals about £30 million of deposits every month.

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Metro Maine Innovation Examples 130

Chris Skinner

MARCH 21, 2019

According to a survey on the front of Metro this week, 9 out of 10 Brits think that the political handling of Brexit is a national humiliation. Watching the debacle of the #Brexit debate in Britain, you might think that the UK is in a national meltdown.

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Metro National Survey 352

PYMNTS

SEPTEMBER 17, 2019

Metro Bank senior managers are being grilled by the U.K. Metro Bank is also being investigated by the Bank of England’s Prudential Regulation Authority and is ready to issue loss-absorbing debt as required of large banks. . Regulators are also looking over Metro Bank’s regulatory reporting and governance for compliance. . “As

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Metro Management Regulation New York 116

Chris Skinner

MARCH 21, 2019

According to a survey on the front of Metro this week, 9 out of 10 Brits think that the political handling of Brexit is a national humiliation. Watching the debacle of the #Brexit debate in Britain, you might think that the UK is in a national meltdown.

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Metro National Survey 324

PYMNTS

AUGUST 12, 2019

Metro) is embroiled in a dispute with bus maker New Flyer of America. Metro to tie procurement to job commitments by awarding contracts based on vendors that could meet those requirements for salary and job creation. Metro first did so with a 2012 rail car contract, reports said. Metro declined to comment, reports said.

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TheGuardian

OCTOBER 4, 2023

High street lender recently failed to convince regulators it could be trusted to hold less cash against its mortgage risks Metro Bank is considering raising hundreds of millions of pounds from investors, weeks after the high street lender failed to convince regulators it could be trusted to hold less cash against its mortgage risks.

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Metro Regulation Lending 124

Chris Skinner

MAY 30, 2019

Things we’re reading today include … Monzo apologises for bank transfer problems HSBC Plans Hundreds of Investment Bank Job Cuts Revolut is the most complained-about small online bank Metro Bank shares slide as fraud investigations launched Raphaels Bank fined £1.9m

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Metro Fraud Online 301

TheGuardian

OCTOBER 8, 2023

JP Morgan also approached as Metro reportedly tries to thrash out rescue package with investors The Bank of England’s regulatory arm is understood to have approached a number of big lenders in the past few days, including NatWest and JP Morgan Chase, to see if they had any interest in the embattled high street rival Metro Bank.

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Metro Regulation Report Groups 111

Chris Skinner

MARCH 17, 2020

Things we’re reading today include … HSBC appoints insider Quinn as CEO amid growth headwinds UK banks set out details of Covid-19 mortgage holidays Coronavirus: Stocks rocked by record volatility Metro Bank hit with fresh lawsuit by Iranian customers Study: global banks ‘failing miserably’ on climate crisis by funneling trillions (..)

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Metro Study 295

TheGuardian

OCTOBER 5, 2023

Stock falls by 25% in early trading as high street lender seeks to raise £350m to shore up its balance sheet Metro Bank shares have plunged after news that the high street lender is seeking to raise hundreds of millions of pounds to shore up its balance sheet.

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Metro Lending US Marketing 104

TheGuardian

DECEMBER 12, 2022

FCA also penalises two of challenger bank’s former top executives The City regulator has fined Metro Bank and its two of its former top executives more than £10m for misleading investors.

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Metro Regulation 97

Chris Skinner

MAY 16, 2019

Things we’re reading today include … Lloyds to start paying quarterly dividends Bitcoin extends losses, down more than 20% to below $6,300 Top banking regulator stresses UK should not be ‘rule taker’ post-Brexit Mifid II critics are not seeing the big picture Metro Bank got there eventually, but this story … The post Things worth (..)

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Metro Bitcoin Regulation 273

TheGuardian

OCTOBER 9, 2023

Lender confirms customers have started to pull money out amid worries over its financial health What is happening at Metro Bank? Metro Bank is launching a fresh cost-cutting drive after the embattled lender clinched a £925m rescue package from investors over the weekend.

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Metro 101

TheGuardian

MARCH 31, 2024

Exclusive: Whistleblower raised concerns about security of in-branch coin-counter software The Bank of England is examining claims that the high street lender Metro Bank put customers’ data at risk by allegedly misusing software at the centre of a long-running legal dispute.

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Metro Data Software Security 106

Chris Skinner

MARCH 2, 2020

per cent voting rights in Metro Bank Deutsche Bank under pressure from UK regulator over compliance failings Thought Machine raises $83m in series B funding Top central banks appear primed to act to combat coronavirus risk Winners and losers … The post Things worth reading: 3rd March 2020 appeared first on Chris Skinner's blog.

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Metro Compliance Regulation 269

Chris Skinner

MARCH 4, 2020

Things we’re reading today include … Digital bank Starling to create 400 jobs in Cardiff Metro Bank ousts risk officer a fortnight after he joined ailing lender Michael Sherwood joins Revolut board Regulatory equivalence with EU could risk US deal China’s Ant Financial takes stake in Sweden’s Klarna Can the … The post Things worth (..)

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Metro Digital Banking US 269

Chris Skinner

JUNE 15, 2020

Things we’re reading today include … Metro Bank in talks to buy peer-to-peer lender Ratesetter Amazon And Goldman Sachs: A Small Business Lending Wake-Up Call For Banks Light on tech, heavy on banks — has Warren Buffett lost his touch?

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Metro Lending Payments 260

Chris Skinner

FEBRUARY 12, 2020

Things we’re reading today include … Banking in the new decade – profitability will remain a challenge: EY Barclays to be first big British bank to report since Brexit Barclays online banking down Metro Bank Chief Risk Officer exits following latest shakeup at the top Can the UK and EU … The post Things worth reading: 13th February (..)

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Metro Online Report 260

Chris Skinner

FEBRUARY 26, 2020

Things we’re reading today include … B-Social raises £7.8m

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Metro Fintech 260

Chris Skinner

MAY 7, 2019

Things we’re reading today include … Citi Wants to Bring Credit Card Perks Like Miles to Bank Accounts Investors brace for pain from Metro Bank’s fundraising Triodos awarded UK banking licence ahead of Brexit Trade war and Brexit pose mounting risk to EU economy, says EC Where now for the rules … The post Things worth reading: 8th (..)

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Metro Cards 250

Chris Skinner

SEPTEMBER 23, 2019

Things we’re reading today include … The $100 Trillion Opportunity: The Race To Provide Banking To The World’s Poor Ex-Wall Street banker Sean Stewart guilty in second insider trading trial Why the index fund ‘bubble’ should be applauded Setback for Metro Bank as investors snub £250m bond sale Shaky start … The post Things worth reading: (..)

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Metro 249

Perficient

MARCH 1, 2021

As a company known to treasure talent, embrace effort, and reward results, Perficient’s goal is to extend a number of qualified cohort graduates a full-time job in the software engineering and development field, where they will partner with one of the world’s biggest brands in the Detroit metro region. .

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Detroit Training Community Metro 520

Perficient

AUGUST 17, 2020

He had totally forgot about the cheque till he opened the newspaper for a read in the metro. Guess what – he did so many things at the bank and on the way back he visited his favorite book shop, had coffee at a café. To his dismay, he could not find the cheque.

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Metro System Security Online 539

TheGuardian

NOVEMBER 4, 2021

US private-equity group Carlyle has until 2 December to make formal offer or walk away Shares in Metro Bank have surged after it received an approach about a possible takeover by the US private-equity group Carlyle.

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Metro US Groups Marketing 95

Chris Skinner

APRIL 20, 2020

Things we’re reading today include … Bank of England ‘failing climate’ with Covid-19 stimulus programme CMA letter to Metro Bank on breaches of the Retail Banking Order Businesses Say Big Banks Flouted ‘First Come First Served’ for Aid Are Credit Unions As Safe As Banks Right Now?

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Metro Retail 242

TheGuardian

NOVEMBER 18, 2021

Two weeks ago, Metro Bank said it was in discussions about a takeover approach from private equity giant Carlyle. As it headed to the exit, Carlyle didn’t even offer a few polite words of encouragement for the Metro management crew trying to revitalise a lender whose go-go expansion plans were blown apart by a misreporting scandal in 2019.

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Metro Industry Management 95

Chris Skinner

MAY 14, 2019

Things we’re reading today include … A WhatsApp Rumor Challenges Metro Bank Bank of England warned criminal charge could destabilise Barclays Fraud complaints hit record high as banks’ new anti-scam measures delayed Bank of France is Closely Watching Stablecoin Developments Bank of England calls for ‘super shield’ against cyber (..)

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Metro Fraud 241

PYMNTS

OCTOBER 6, 2016

Cuomo announcing the addition of the two payment methods to MTA eTix, the mobile ticketing app that enables Metro-North Railroad and Long Island Rail Road customers to buy tickets whenever they want. The rollout began on June 30 with the LIRR Port Washington Branch and Metro-North Hudson Line.

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New York Apple Metro Washington 204

Chris Skinner

MAY 27, 2019

Things we’re reading today include … ‘I replied to a genuine [Metro] bank tweet and lost £9,200 to a fraudster’ China’s First Bank Seizure in 20 Years Spooks Investors Monzo on track to hit 3m customers as CEO admits the bank ‘fluffed’ the launch of its premium card The ethical … The post Things worth (..)

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