City Moves for 20 September 2018 – who’s switching jobs at Metro Bank, Investx and FedEx Express? September 20, 2018 Today's City Moves cover banking, finance and package delivery. Take a look at these movers and shakers: Metro Bank Metro Bank has appointed Catherine Brown as an independent non-executive director. Catherine holds various non-executive roles including: non-executive board member at the Cabinet Office, non-executive director of FNZ (UK) Limited and chairman and non-executive director of [...]
Tesco Bank, Metro Bank and Aldermore put more pressure on Treasury over George Osborne’s new bank tax September 6, 2015 The government is expected to face fresh criticism this week as politicians and City bosses step up their attacks on a new bank tax. Labour and the SNP have tabled amendments that would exempt challenger banks and building societies from having to pay an additional eight per cent of UK profits in corporation tax, the [...]
Further growth expected from Metro Bank amid talk of IPO July 19, 2015 Metro Bank is expected to reveal its results by the end of this month, as it gears up towards a flotation expected to take place next year. Although whether Metro will finally unveil a profit is unclear, the results are forecast to show that the challenger bank is continuing to grow nicely. If so, it [...]
Financial challengers Zopa and Metro Bank join forces to bring peer-to-peer lending and high street banking together May 19, 2015 Peer-to-peer lender Zopa has teamed up with challenger bank Metro Bank to lend funds through the latter's marketplace. The deal marks the first of its kind in the UK as Metro Bank, already lending funds to Zopa's consumer borrowers, recognises peer-to-peer (P2P) lending as a new asset class. Zopa's chief executive Giles Andrews described it [...]
Metro Bank is the latest challenger bank to eye London float April 19, 2015 The battle between the "big four" high street lenders and the challengers banks just ratcheted up a notch. New kid on the block Metro Bank is eyeing a £1bn initial public offering on the London stockmarket next year, according to the Telegraph. This comes just five years after it emerged to shake-up Britain's banking landscape. [...]
George Osborne finds magic money machine at Metro Bank April 8, 2015 George Osborne may have solved the British government’s huge annual deficit problem. He’s found a magic money machine! The chancellor was in Kingston yesterday, visiting a branch of Metro Bank in order to hail news that the challenger bank will employ 3,300 new staff, and aim to have a total of 150 branches by 2020. [...]
St James’s Place share price rises as it announces Metro Bank tie-up February 25, 2015 Another sign of how seriously the financial establishment is taking challenger banks? Wealth manager St James's Place has announced a tie-up with Metro Bank, the quirky high street banking chain best known for offering free dog biscuits in its branches. The two will offer a money management account which is "fully branded St James's Place, [...]
Exclusive: Early Metro Bank investor Jamie Reuben resigns role as director February 4, 2015 Metro Bank director Jamie Reuben has left his role at the bank, following fellow early-stage investor Luke Johnson out of the high street lender. He is a director at family firm Reuben Brothers, which bought a stake in the challenger bank in April 2010. Reuben was appointed as a non-executive at the lender in October [...]
Metro Bank trims losses as loans and deposits double over 2014 January 21, 2015 Challenger bank Metro cut its losses to £8.9m in the final quarter of 2014 as it edges towards profitability, its financial results showed yesterday. That compares with £9.4m in the previous three-month period. The bank hopes to break even later this year, and is looking to float on the stock market in 2016. Metro said [...]
Luke Johnson steps down from Metro Bank board October 23, 2014 Serial entrepreneur Luke Johnson has resigned his position as a non-executive of Metro Bank. Johnson told Sky News that the time commitments now required for the role were becoming too great for him to maintain his position at Britain's first new high street bank for over 100 years. He joined Metro Bank in 2011. Johnson made [...]