Metro Bank
| Use attributes for filter ! | |
| Web site | www.metrobankonline.co.uk |
|---|---|
| Customer service | 00 44 20 3402 8312 |
| Headquarters | London |
| United Kingdom | |
| Founders | Vernon Hill |
| Number of locations | 65 Stores |
| Executives | Craig Donaldson |
| Vernon Hill | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 644470 |
About Metro Bank
Metro Bank plc is a retail bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Bank branch closures hits Prime Minister Rishi Sunak's constituency
... The move comes a day after Lloyds Banking Group said it would shut 45 branches next year, and Metro Bank announced a review of opening hours...
Metro Bank to review seven day opening and cut jobs
...By Tom EspinerBusiness reporter, BBC NewsMetro Bank has said it will review whether to stay open seven days a week as it also revealed plans to cut 20% of its workers...
Metro Bank shareholders to vote on rescue deal
...Metro Bank shareholders are to vote later on whether to back a rescue deal aimed at securing the bank s future...
Metro Bank has a limited future, claims co-founder
...Metro Bank faces a " limited future" if it continues with its strategy of focusing on High Street branches, the co-founder of the bank has said...
Metro Bank strikes deal to shore up balance sheet
...Metro Bank has struck a deal with investors that it says will secure its future after newspaper reports suggested it needed to raise cash to shore up its balance sheet...
What's going on at Metro Bank?
...By Lora JonesBBC NewsMetro Bank s shares slumped on Thursday after reports it is looking to raise millions to boost its balance sheet...
Metro Bank shares plunge on reports of urgent fund raising
...Metro Bank s shares have plunged after reports it is seeking to raise millions to bolster its finances...
Which banks do customers love or hate?
...Metro Bank has taken top spot in an official survey of customers satisfaction with their banks, with the Royal Bank of Scotland ranked bottom...
Metro Bank has a limited future, claims co-founder
Metro Bank faces a " limited future" if it continues with its strategy of focusing on High Street branches, the co-founder of The Bank has said.
On Sunday, Metro Bank agreed a deal to raise funds that it said would secure its future, after days of speculation over its financial position.
It also said it would continue to Focus On bricks and mortar branches.
But Anthony Thomson, The Bank 's chairman from 2010 to 2012, told The Bbc that was a " flawed strategy".
He Said that The Combination of pursuing a branch-based strategy given its financial position gave Metro " a very, very limited future"
" I would not like to be The Chairman or The Chief executive of Metro Bank today, " said Mr Thomson, who after leaving Metro Bank Set Up Atom Bank - an internet-only company that has no physical branches.
When the financing deal was announced on Sunday, Metro's current chief executive, Daniel Frumkin, said The Deal marked " a new chapter" for The Bank .
The Bank also reiterated its strategy of opening more branches. However, analysts have said this is expensive and runs counter to the trend of consumers switching to online banking.
Metro Bank was founded in 2010 in The Wake of the financial crisis and was The First to open in the UK in More Than 100 years.
It positioned itself as a so-called " challenger" Bank to the big High Street names, with its promise of keeping branches open Seven Days a week. It currently has 76 branches.
However, the lender faced a major challenge in 2019 following an accounting scandal, which led to some top executives leaving The Company .
Last week, The Bank 's share price slumped following reports that it was seeking to raise money from investors. This led to several days of speculation about The Bank 's future until the fund-raising deal was announced late on Sunday evening.
Mr Thomson said it was " terrible to see what's happened to such a great Bank , and more importantly, a Bank that had such a great customer franchise".
" It's been a huge success. from a customer perspective, financially, less so. "
He Said Bank had " never really recovered" from the accounting scandal in 2019.
Source of news: bbc.com
