Metro Bank Pulls Back On Commercial Lending

PYMNTS

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. Metro will look to instead focus on residential property financing as it seeks a new chairman.

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Metro Bank Hit By More Fraud Probes

PYMNTS

’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. According to Pomerantz, the probe “concerns whether Metro Bank, and [certain officers] and/or directors, have engaged in securities fraud or other unlawful business practices.”

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FCA Questions Metro Bank Managers On Misreporting Scandal

PYMNTS

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. .

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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.

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LA Metro Vendor Dispute Highlights Public Contract Challenges

PYMNTS

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.

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Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

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.

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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. B2B Payments B2B corporate banking Metro Bank News What's Hot In B2B

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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones.

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Metro Bank Announces New AI Powered PFM Service

Bank Innovation

Metro Bank today revealed the launch of a new AI- powered money management tool called Insights. Innovations Mobile PFM Retail Uncategorized Advice AI apps banking fintech Metro Bank Personetics PFM apps

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Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights

Bank Innovation

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

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UK’s Metro Bank Attacked By Cyber Fraud

PYMNTS

Metro Bank, a British financial institution launched in 2010, said it was targeted by cybercriminals in a scheme where a vulnerability in text messaging between the bank and customers was used as an attack, according to a report by Reuters.

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libaba Bids for Metro Brick-and-Mortar Stores in China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in Germany-based Metro AG’s wholesale operations in China. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them.

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Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Mobile Payments mobile app News Payment platforms Transit Payments Washington Metro What's HotTo enable mobile payments, the Washington Metropolitan Area Transit Authority (WMATA) is working with its fare payment vendor to upgrade its payment capabilities.

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Metro Bank suffers text message banking fraud

The Paypers

(The Paypers) The Metro Bank has gone public with an announcement, mentioning that a small number of its customers has been hit by text message banking fraud

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"Investors will forgive" Metro Bank

Bobs Guide

Metro bank’s full year results were hotly anticipated by investors and the industry alike following early scares brought on by an accounting error.

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UK's Metro Bank suffers cyberattack

The Paypers

(The Paypers) Metro Bank , a UK-based financial institution, has suffered a cyberattack, Banking Technology cited online publication Motherboard

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Metro Bank shares plunge despite fundraising progress

BankThink

The London bank, founded by American entrepreneur Vernon Hill, has lost three-fourths of its market value since British regulators found that some of Metro’s mortgages were given the wrong risk weighting.

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Artesian's KYC solution selected by Metro Bank

The Paypers

(The Paypers) Artesian Solutions has signed a three year-deal with UK-based Metro Bank , for the Artesian Risk and Compliance Hub (ARCH

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Singtel Adds Payment Options To Dash; Metro Bank Upgrades Mobile App

PYMNTS

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.

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Can you ride the Metro to the Challenger Bank future?

Daily Fintech

Metro Bank does not fit any obvious category. The question is, if you believe that challenger banks will own the future, can you ride the Metro Bank to that future? In simple terms, should you buy Metro Bank stock? I have not yet bought Metro Bank stock but I might.

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Mumbai Metro, PayPal team up for online recharge payments

The Paypers

(The Paypers) Reliance Infrastructure`s Mumbai Metro One has teamed up with PayPal to provide online recharge payments for customers

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Paris Metro To Launch Paperless Tickets, Cashless Payments Rise In Russia

PYMNTS

In France, tourists, as well as occasional riders of the metro network in Paris will be able to buy contactless and reusable cards in what has been described as “its version of London’s Oyster Card” beginning in mid-June, The Local reported.

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Major Metro Areas Are Losing Bank Branches

Deposit Accounts

Major Metro Areas Are Losing Bank Branches Fed Meeting: Another Rate Cut - Review of Impact to Savers Banking 101: What Are Peer-to-Peer (P2P) Payments? Blog Major Metro Areas Are Losing Bank Branches. Major Metro Areas Are Losing Bank Branches. metros, Lakeland-Winterland, Fla.

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InComm, LA Metro expand network for contactless transit card sales

Payments Source

InComm has partnered with the Los Angeles County Metropolitan Transportation Authority (Metro) to more than quadruple the number of retail locations at which customers can purchase and reload its contactless TAP transit fare cards.

Metro Bank shares plunge as regulators circle

BankThink

Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale. Disruptors U.K.

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Vernon Hill survives proxy challenge at Metro Bank in U.K.

BankThink

Metro Bank had worked to win shareholder support by raising fresh capital and cutting ties with Hill's wife's design firm. Consumer banking Corporate governance Proxy advisory firms Branch banking U.K.

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Cloud Is Key To Metro Bank’s Growth Strategy

Perficient Financial Servies

Metro Bank, a financial institution that has over 40 “stores” in Britain, has officially migrated its core banking IT infrastructure to a private cloud that will be managed by Rackspace. Metro Bank currently has 850,000 customers and has set its eyes on the one million mark. Cloud Is Key To Metro Bank’s Growth Strategy was first posted on December 14, 2016 at 7:01 am.

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Metro Bank announces AI-powered money management service

The Paypers

(The Paypers) Metro Bank has announced the forthcoming release of its AI-powered money management service, Insights

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Metro Bank: "We sit between challenger and incumbents"

Bobs Guide

Founded in 2010, Metro Bank has seen rapid growth in its 8 years of existence, gathering some 1.5m Young enough to be called a challenger yet using a business model more closely aligned with the high street banks of old, Metro Bank is in limbo between both camps in the great

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Metro Bank: "Fans not customers" | video

Bobs Guide

In the ever more open and competitive banking market, customer service is paramount. Once a bastion of customer service, bank branches are closing in their hundreds as they serve too few customers at too great a cost. Many challenger banks have opted for the digital only root, championing a

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Metro Areas Where Residents Love Certificates of Deposit

Deposit Accounts

Metro Areas Where Residents Love Certificates of Deposit Banking 101: What is a Credit Union? Blog Metro Areas Where Residents Love Certificates of Deposit. Metro Areas Where Residents Love Certificates of Deposit. metros, San Francisco came out on top, with 25.4% Forum.

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Top Metro Areas Where Residents Own Savings Accounts

Deposit Accounts

Top Metro Areas Where Residents Own Savings Accounts Brokered CD vs Bank CD: Understanding the Differences CD Rates Summary August 27, 2019 Federal Reserve, the Economy and CD Rate Forecast - August 27, 2019. Blog Top Metro Areas Where Residents Own Savings Accounts. Forum. Banks.

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METRO SYSTEMS chooses Comarch EDI as new partner

The Paypers

(The Paypers) METRO SYSTEMS, the IT provider of METRO GROUP, has chosen Comarch EDI as the new EDI service provider

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Metro Bank launches developer portal for open banking

The Paypers

(The Paypers) Metro Bank has launched a new developer portal to open up its platform to FCA-registered third parties wishing to build services on top of its APIs

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Louisville Metro Police Officers CU Closed

Glatt Consulting

You've likely seen the news that the NCUA conserved and then liquidated Louisville Metro Police Credit Union. According to a post by Wave3 News, numerous sources indicated that there were a number of fake loans made in officers' names. Now, our HealthScore is not a fraud detector.

Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

The service availability has also increased to include 50 metro areas around the country. Amazon announced Monday (Nov. 14) it has expanded its Amazon Home Services into 20 new metropolitan markets around the country. In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more.

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Metro Bank will raise about $464 million through share sale

BankThink

Metro Bank, the U.K. challenger bank seeking to fix a shortfall on its balance sheet, said it expects to raise about £350 ($464 million) through selling shares. Disruptors U.K.

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UBS rebounds; Metro Bank looks to unload problem loans

BankThink

Bank posts its best second quarter since 2010 after a disappointing Q1; Cerberus in talks to buy loans at the center of a major accounting error. Morning scan Data breaches Earnings Mortgages Succession planning Equifax UBS

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Metro Cash and Carry India to focus on ecommerce

The Paypers

(The Paypers) Metro Cash and Carry `s unit based in India has announced plans to launch an ecommerce platform by the end of 2018

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Charlotte Metro Credit Union 3-Year Jumbo CD Earns 3.00% APY

Deposit Accounts

Offers & Promotions Charlotte Metro Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Charlotte Metro Credit Union 3-Year Jumbo CD Earns 3.00% APY Comments Post a Comment POSTED ON SATURDAY, AUGUST 17, 2019 BY Ken Tumin. APY MIN MAX INSTITUTION PRODUCT DETAILS 3.00% $50k - Charlotte Metro Credit Union 3 Year Jumbo Share Certificate 2.75% $100k - Charlotte Metro Credit Union 18 Month Senior Jumbo Share Certificate Rates as of August 17, 2019.

Metro Bank shares post record gain as lender boosts capital

BankThink

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

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A WhatsApp Rumor Challenges a Challenger Bank

Bank Innovation

Bloomberg Daily Post 3 Exclusive Operations challenger banks digital banking Metro Bank WhatsAppIt was only a matter of time before confidence in the financial system would be tested by false information on social media.

Louisville Metro Police Officers Credit Union Liquidated

Keith Leggett's Credit Union Watch

The Kentucky Department of Financial Institutions on June 29 appointed the National Credit Union Administration (NCUA) as liquidating agent of Louisville Metro Police Officers Credit Union of Louisville. Commonwealth Credit Union of Frankfort, Kentucky, immediately assumed Louisville Metro Police Officers Credit Union’s membership, shares, loans, and all other assets. Louisville Metro Police Officers Credit Union was placed into conservatorship by NCUA on December 15, 2017.