Metro Bank

NatWest Group has announced that it has entered into an agreement with Metro Bank to acquire a £3.0 billion portfolio of prime UK mortgages. The portfolio consists of owner occupied residential mortgages with a weighted average current loan to value of c.60%.

Metro Bank has suspended businesses from opening new accounts, despite calls from the Bank of England to keep credit flowing.  The lender has stopped the opening of new business accounts due to an influx of demand from businesses seeking bounce back loans for which firms must have a current acc

Metro Bank has posted a pre-tax loss of £240.6 million in the first six months of this year. The loss is a dramatic drop from the bank’s £3.4m profit reported for the same period last year.

Former Metro Bank chief Darren Schindler has been appointed chief operating officer of Karma, the fintech seeking to disrupt the payday loan market. Mr Schindler, joins the fintech after a series of successful Scottish trials of the app which empowers employees to access interest-free monthly advanc

The Competition and Markets Authority (CMA) has ordered Metro Bank to repay more than £10.5 million to customers after it breached a legal order by failing to send texts warning people about unarranged overdraft charges. The bank was found to have breached Part 6 of the CMA's Retail Banki

Metro Bank has announced that it will repay £50 million of bailout funding to RBS. The announcement arrives as the bank altered its strategy after releasing its full-year results and scaled-back its plans for branch expansion over the next few years.

Banking legend Vernon Hill is to step down as chairman of Metro Bank with immediate effect. Mr Hill will remain a non-executive director until 31 December 2019 and he has accepted the honorary position of Emeritus chairman. This honourary title recognises his contribution to Metro Bank over the year