Tag: Metro Bank

UK Metro Bank Put On the Financial Crime Compliance Watchlist!

FCA tamir - November 13, 2023

City M.A. and other UK media outlet reported that Metro Bank has been placed on the Financial Conduct Authority's (FCA) watchlist for financial crime compliance, a development that adds to the bank's challenges as it seeks to recover after a major refinancing deal. The bank confirmed its inclusion on the list in June, with the FCA scrutinizing its management of financial crime risks and the effectiveness of its online account controls.

Metro Bank: The Downfall Of The First “Non-FinTech” Challenger Bank!

Fintech tamir - October 13, 2023

Metro Bank, once a promising British lender, has faced significant challenges in recent years. From accounting scandals to a declining share price, the bank's future has been uncertain. However, Colombian billionaire Jaime Gilinski's recent investment might offer a lifeline. Founded in 2010 by Vernon Hill, Metro Bank was Britain's first new mainstream bank in over a century, the first challenger bank. The market cap collapsed to £86 million, down from £3.6 billion in 2018.

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