|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.3800 - 1.3800|
|52 Week Range||0.7600 - 1.9100|
|Beta (5Y Monthly)||2.06|
|PE Ratio (TTM)||N/A|
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For Metro Bank, which in 2010 became the first lender to be granted a high-street banking licence in Britain in 150 years, the profitability status caps over two tumultuous years after an accounting scandal in 2019 prompted probes by UK regulators. "March has been our strongest month of performance since the turnaround commenced," Chief Executive Daniel Frumkin said in a statement. British banks have also seen a profit boost from successive rate hikes by the Bank of England, designed to curb rampant inflation, as they profit on the gap between what they charge on lending and pay out on deposits.
Key Insights Given the large stake in the stock by institutions, Metro Bank's stock price might be vulnerable to their...
Glass Lewis urges investors to vote against award, saying 20% hike unjustified given average 5% rise for staff
Metro Bank ( LON:MTRO ) Full Year 2022 Results Key Financial Results Revenue: UK£483.6m (up 23% from FY 2021). Net...
Metro Bank posted a narrower annual loss on Thursday, but said its net interest margin growth will be limited in 2023 as the British mid-sized lender expects fewer base rate moves and inflationary pressures to outweigh its cost initiatives. Banks that saw an increase in their profit amid a rise in interest rates are now struggling with rampant inflationary pressures and a cost-of-living crisis. Metro Bank, which has had a tumultuous few years after an accounting blunder back in 2019 led to fines and probes by the UK regulators, saw its net interest margin - a key measure of profitability - improve by 52 basis points to 1.92% for the year ended Dec. 31.
Bank profits have been lifted by successive rate hikes by the Bank of England, enabling them to make more money on lending to consumers and businesses, despite the threat to the economy posed by elevated levels of inflation. London-based Metro Bank said on Thursday the majority of the loan loss-related provision was due to a 33 million pounds ($39.54 million) increase in impairments on loans to consumers, although the lender added it was yet to see any signs of significant distress among customers. Metro Bank's annual losses fell by about two-thirds in 2022 to 50.6 million pounds.
Metro Bank PLC ( LON:MTRO ) is possibly approaching a major achievement in its business, so we would like to shine some...
Looking at Metro Bank PLC's ( LON:MTRO ) insider transactions over the last year, we can see that insiders were net...
FCA also penalises two of challenger bank’s former top executives
Metro Bank has been fined £10m by the City watchdog after the lender failed to disclose an accounting blunder to investors.
Two of the bank’s former bosses, chief executive Craig Donaldson and chief financial officer David Arden, have also been given individual fines.
Metro Bank has been fined just over £10m by the City watchdog for breaching rules by "publishing incorrect information to investors". The Financial Conduct Authority (FCA) said it related to figures published by the bank in October 2018 that it "was aware at the time" were wrong. The challenger bank later said in January 2019 it had corrected risk weightings of some of its commercial loan portfolios.
To get a sense of who is truly in control of Metro Bank PLC ( LON:MTRO ), it is important to understand the ownership...
The group set aside another £10m for loans expected to turn sour, but said it was not yet seeing signs of borrower distress in the costs crisis.
Metro Bank said on Wednesday it returned to profit in September by keeping a tight rein on costs and has so far seen no sign of increased stress among its customers as Britain grapples with higher interest rates and an escalating cost of living crisis. The bank set aside a 10 million pound ($11.49 million) provision in case of losses on loans, and it expects its net interest margin to continue to increase through 2023 as interest rates climb. "There has been no deterioration in early warning indicators and no signs of stress or increased delinquency across the customer base," the bank said in third quarter trading update.
With the business potentially at an important milestone, we thought we'd take a closer look at Metro Bank PLC's...
HSBC, its online arm First Direct, and Metro Bank have joined a fraud-reporting hotline as the cost of living crisis increases the number of financial scams, an industry body said on Tuesday. Britain has become the scam capital of the world as more people bank online, especially since the COVID-19 pandemic began unfolding in 2020. Members already include Barclays, Meta, Microsoft, Google, NatWest, Nationwide Building Society, Santander and Talk Talk.
The 159 service quickly and securely connects the public with their bank if they believe they have been a target of fraud.
The bank said its revenue grew by 31% to £236.2 million in the six months to June 30.
British lender Metro Bank narrowed first-half pretax losses and expects to reach monthly breakeven in the first quarter of next year, it said on Thursday, citing cost cuts and its turnaround plan. "As of today, we are not seeing any deterioration in our credit portfolio, but we can see darkening clouds on the horizon," Chief Executive Daniel Frumkin told reporters. Metro Bank, which in 2010 became the first lender to be granted a consumer banking licence in Britain in 150 years, has had a tumultuous two years after an accounting blunder in 2019 led to investigations and fines by UK regulators.
Some customers will receive refunds after the CMA identified overcharging
The Competition and Markets Authority said Lloyds, NatWest, HSBC, Barclays, Metro Bank and Bank of Ireland all breached the regulations.
LONDON (Reuters) -British challenger lender Metro Bank said on Friday it has appointed former Standard Chartered executive James Hopkinson as chief financial officer, as the bank works on a turnaround plan towards profitability. Hopkinson will join Metro Bank effective September 5, coming from ClearBank where he was CFO since 2019. Previously he spent nearly 20 years at Standard Chartered, in roles including CFO Regions & Clients, CFO Global Retail Banking and Global Head of Investor Relations.