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...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....
...NatWest, Lloyds, Santander, JPMorgan, HSBC, Metro Bank, EY, the PRA and the Financial Conduct Authority all declined to comment....
...Pragmatism over posturing As I wrote here at the start of the year, the evolving mayoral landscape in this country is worth watching in the context of any change of government, because — especially in the...
...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....
...England should build on the successes of metro mayors by extending the model to more areas....
...The spur for the cattiness is Lamar’s lively cameo on the first of the albums from Future and Metro Boomin. The song he appears on, “Like That”, is currently topping the US singles chart....
...The billionaire, whose investment vehicle owns a 53 per cent stake in the high-street bank, will become a non-executive director once the necessary formalities are completed, Metro said on Wednesday....
...Spaldy is entitled to make one more appointment to Metro’s board under the terms of the rescue deal....
...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....
...Metro said on Monday it was looking to expand its branch network in the north of England over the next two years....
...Metro Bank also announced a shake-up of its board, with members Anne Grim, Ian Henderson and Monique Melis all deciding to step down at the end of the year....
...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)....
...If the Conservatives lose more than 500 seats in the local authorities up for grabs and Labour take their flagship metro mayoral posts in Tees Valley and the West Midlands (containing Birmingham), a call...
...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....
...Metro (The Paris Review) — For the love of God, please stop sending voice memos (Atlantic)...
...Public transport has been severely disrupted, with many metro stations in Dubai closed on Wednesday....
...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...
...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....
...Metro is now seeking to shore up its balance sheet. But investors recapitalising the company risk throwing good money after bad....
...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...
...Bacal’s investment vehicle Spaldy is to become the bank’s majority shareholder. Read more about Metro Bank here....
...Metro added: “Support for the debt refinancing is one of the key pillars to the implementation of the transaction set out in the [Sunday] announcement.”...
...Launched in 2010, Metro was the first of a new breed of challenger banks that regulators hoped would shake up the banking market after the financial crisis of 2008-09....
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