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...Metro Bank has suspended its bid to secure regulatory sign-off on risk models that it previously said would turbocharge profitability....
...NatWest, Santander and Lloyds Banking Group were weighing bids for parts of Metro Bank on Sunday night, as several big lenders ruled out a full takeover of the UK challenger bank without state support....
...In the four years since he had been installed as chair of Metro Bank — the high street lender once feted as the darling of Britain’s challenger banks — his diary had been filled with regular catch-ups with...
...The Co-op Live venue near Manchester City’s stadium, a vast £350mn project backed by US investors OVG and now the country’s biggest arena, soft launched on Saturday with a private Rick Astley gig....
...Metro mayors do seem to be working (“England’s promising experiment with metro mayors”, FT View, April 9) and while it may yet be premature to “double down” on the experiment in its present form as the editorial...
...Metro Bank has promised to cut another £30mn off costs, adding to a £50mn plan already in place, as it pushes ahead with its restructuring programme....
...Most mayors are now more recognisable than local authority leaders and MPs, according a survey by the Centre for Cities....
...“A customer-centric physical presence complemented by digital capabilities remains a unique offering and sets Metro Bank apart,” he said....
...Robert Sharpe, chair of Metro Bank, said Gilinski’s appointment to the board “underscores the commitment he has long shown to the bank as a supportive, long-term shareholder”....
...Most of Metro’s branches are in and around London, but the lender is looking to expand in other cities including Exeter, Norwich and Nottingham....
...You write approvingly of the progress English metro mayors have made in an editorial (“England’s promising experiment with metro mayors”, FT View, April 9)....
...“This is testament to [shareholders’] belief and confidence in the future of Metro Bank and proves there is a place in retail and business banking for our model of stores in major towns and cities, combined...
...The UK’s Metro Bank is to cut a fifth of its staff as it extends a cost-cutting plan that is now designed to save £50mn a year....
...To fulfil the placing, Metro Bank issued 500mn new shares at a discounted price of 30p apiece....
...Public transport has been severely disrupted, with many metro stations in Dubai closed on Wednesday....
...When word spread that Metro Bank had entered talks with its investors about a major financial restructuring monitored by the Bank of England, many in the City of London saw a problem....
...Shares in Metro Bank dropped 27 per cent on Thursday morning, after the Financial Times reported that the company was in talks about an urgent £600mn capital raise....
...In today’s newsletter: Metro Bank’s messy week Abcam’s takeover drama The regulatory saga that left Metro Bank in a pinch Metro Bank hasn’t exactly been on a tear in recent years....
...Why has no bank bought Metro? It trades at a tenth of its book value....
...In today’s newsletter: Metro Bank’s billionaire white knight ExxonMobil plots a mega-deal The Safras at war The Colombian billionaire taking a punt on Metro Bank The last DD left you, Metro Bank was...
...Further reading— The Metro Bank Coin Caper (FTAV)— A brief look at Metro Bank’s offer document (FTAV)— The misregulation of Vernon Hill (FT)— How Metro’s challenging week unfolded (FT)— Lex readers weigh...
...Metro Bank has won the support of 75 per cent of its bondholders to carry out a £600mn debt refinancing deal that it hastily agreed over the weekend in order to fill a capital hole....
...Nearly three-fifths of UK bank branches have vanished in the past nine years. Metro Bank’s chief executive Dan Frumkin is sticking to his guns....
...Bacal’s investment vehicle Spaldy is to become the bank’s majority shareholder. Read more about Metro Bank here....
...So it was for the global package of bank capital reforms introduced in 2004. One ripple has been seen in the recent tribulations of midsized UK lender Metro Bank....
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