Metro Bank reports £500m drop in lending as it pivots to higher-margin products Banking Metro Bank has reported a fall in lending at the start of 2024 but saw a rise in deposits as it looks to rebound from potential collapse last year.
Metro Bank cancels bonuses for all executives after turbulent year and rescue Executive Pay Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.
Metro Bank swings to first annual profit since 2018 while slashing 1,000 jobs Banking Metro Bank has swung to its first annual profit since 2018 after the branch-focused lender was rescued from potential collapse by a major refinancing package and embarked on a restructuring set to involve 1,000 job cuts.
Metro Bank’s costs in focus as lender embarks on major restructuring March 9, 2024 Investors will be looking for more clues on Metro Bank's revamped strategy next week as the lender prepares to draw a line under a year that saw it rescued from potential collapse.
Metro Bank brings in Barclays executive as new CFO amid major restructuring February 29, 2024 Metro Bank has appointed Barclays executive Marc Page as its new chief financial officer as the lender undergoes a major restructuring designed to shore up its balance sheet.