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Here, FT journalists explain the potential of these new developments in the retail and institutional financial services industry Supported by Infosys
...The application is still progressing and no decision has yet been made by the board,” a Metro spokesperson said. Metro would not clarify what “progressing” involved....
...officials at the Financial Conduct Authority and BoE’s Prudential Regulation Authority....
..., his 14th in the financial sector....
...Below is the Financial Times’ live-updating UK poll-of-polls, which combines voting intention surveys published by major British pollsters....
...Chief financial officer James Hopkinson is due to step down in the first quarter of this year and Metro has started to search for a successor....
...Public transport has been severely disrupted, with many metro stations in Dubai closed on Wednesday....
...Shareholders approved the cash call last week, and chief executive David Frumkin and chief financial officer James Hopkinson backed the deeply discounted fundraising by buying substantial quantities of shares...
...Metro Bank has distinguished itself by betting on physical branches and in-store customer service at a time when most lenders have retrenched from the high street....
...Metro Bank has distinguished itself by betting on physical branches and in-store customer service at a time when most banks have retrenched from the high street....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...Metro also confirmed that it will today complete an equity placing as part of a £325mn capital raising plan....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...to German security services....
...Under the Financial Services Compensation Scheme, Metro depositors are protected up to a limit of £85,000 in the event of an insolvency....
...Financial regulators are keeping a close eye on developments at Metro after a challenging week in which its shares have ricocheted....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
...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....
...Challenger banks such as Metro, the first of a crop of high-street disrupters in the wake of the financial crisis, have been pushing to change the way they calculate the riskiness of loans as financial reforms...
...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...
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