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...Metro was not alone in bemoaning the regulator’s foot-dragging — other smaller banks have also complained — but the issue assumed outsized importance given the company’s relatively tight capital base and...
...State-backed NatWest is interested in acquiring some of Metro’s assets, rather than the whole group, said people briefed on the matter....
...Different divisions and holding companies within the group are at loggerheads over who is owed what and who has claims on which collateral after the group’s finances began to unravel in November....
...At HSBC’s offices the mood may be a bit cheerier: the group stands out for increasing its company-wide bonus pool by 12 per cent....
...Across the whole group, gross profit increased 15 per cent to £75.3mn....
...The group also reiterated its commitment to opening new branches in the north of England over the next two years....
...The group estimated the rule would cost airlines $33bn over 10 years....
...Alberto is suing family members over his stake in the holding company for Safra National Bank of New York, alleging they acted unlawfully to dilute it. (They deny the accusations)....
...On the first day of the trade show, just as I was heading into the metro station, a staff member asked everyone to leave because the train had “unexpectedly” halted operation....
...The committee believed “any company engaged in a legal business activity in the UK should be able to find a bank to offer them a bank account”, she added....
...News round-up Metro Bank chair meets UK financial watchdogs (FT) Casino seals cash injection from group led by Daniel Křetínský (FT) Alibaba accused of ‘possible espionage’ at European hub (FT) Teck...
...The company left its guidance for 2024 unchanged. Shares in the group were down about 7 per cent on Wednesday....
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...For that, it is well worth holding one’s nerve. camilla.palladino@ft.com...
...Investors were excited by the competitive opportunity as established lenders had been laid low by the financial crisis; digital groups such as Monzo and Starling also emerged....
...The deal comes as some UK assets have become attractive targets for US companies amid the strengthening of the dollar....
...Rating agency Fitch put Metro on negative watch earlier on Wednesday, citing increased risks to its business model, capital position and funding of the company, which had a market capitalisation of about...
...Lok’nStore is set to become the latest company to leave the UK stock market, after the self-storage group agreed to be bought by Belgian-listed rival Shurgard for £378mn....
...The sale, representing about 1.1 per cent of Berkshire’s holding in the technology company, was notable as Buffett had said as recently as 2021 that an earlier decision to cut its Apple stake was “probably...
...SELL: THG (THG) Predicting an upturn in the fortunes of THG, formerly known as The Hut Group, would tax even the most seasoned Roman augury, as the company’s ability to generate substantial losses on billions...
...Founded in 1984, Escobar Inc is a holding company set up by Roberto in Medellín, according to its website. It manages the assets of the Escobar family, including intellectual property rights....
...company through which she controls Paramount....
...The group, represented by investment banking boutique PJT Partners, contacted the lender’s board on Monday with the offer of a £600mn injection, but the company had not accepted as of Friday, the Financial...
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...His daughter, Dorita, sits on Metro Bank’s board....
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