Metro Bank

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Regulation

Metro Bank's £51bn Blind Spot Leads to 3rd Largest FCA Fine of 2024

Metro Bank faces a £16.7m fine from the FCA for failing to properly monitor over 60m transactions between 2016 and 2020.
The bank's automated monitoring system reportedly had significant unaddressed flaws despite early warnings.

Tuesday, 12/11/2024 | 07:46 GMT by Damian Chmiel

Retail FX

Metro Bank Targets £50 Million Savings, Announces 20% Job Cuts

Metro Bank increases its cost reduction target to £50 million annually.
Concurrently, the bank announced the successful completion of a £325 million capital raise.

Thursday, 30/11/2023 | 10:54 GMT by Damian Chmiel

Trending

Everything You Need to Know About Metro Bank's Recent Issues

The story so far.

Monday, 16/10/2023 | 16:08 GMT by Pedro Ferreira

Trending

Metro Bank’s Late Night Rescue Deal

New funding and refinancing revive Metro Bank's fortunes.
Columbian billionaire steps in to save the day.

Wednesday, 11/10/2023 | 11:31 GMT by Louis Parks

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