Metro Bank cuts interest it pays on its savings accounts

Metro Bank cuts interest it pays on its savings accounts – and experts advise customers to shop around By Jeff Prestridge, Financial Mail on Sunday Published: 21:50 BST, 12 June 2021 | Updated: 21:50 BST, 12 June 2021 Metro Bank has taken an axe to the interest it pays on its savings accounts.  In a … Read more

RateSetter hands back £384m to 45,000 investors after Metro Bank takeover

Around 45,000 investors in the now-defunct peer-to-peer lender RateSetter have had their accounts closed and their money returned after it was taken over by Metro Bank last August. Customers began receiving emails from last Tuesday after the High Street lender in February gave investors two months’ notice that it had bought £384million worth of loans … Read more

Metro Bank launches mortgages for those with low credit scores, missed payments and repossessions

Metro Bank launches ‘near prime’ mortgages for borrowers with low credit scores, missed payments and even repossessions on their record New mortgages will have less strict credit checks than standard home loans  Those who have missed mortgage or loan payments, declared bankruptcy and even had a home repossessed will be eligible under certain circumstances They … Read more

Nine’s Travel Guides returns to TV with only 584,000 metro viewers

The premiere of Nine’s Travel Guides attracted less than 600,000 metro viewers on Tuesday night. The third season of the TV series – delayed in 2020 because of the COVID-19 pandemic – brought in a figure of 584,000 when it aired at 7.30pm. Melbourne was home to the highest number of viewers, topping the chart … Read more

Metro Bank sells off a third of its mortgage book to NatWest

Metro Bank sells off a third of its mortgage book to NatWest: What’s behind the move and how does it affect customers? The challenger bank has sold a third of its residential mortgages to NatWest Around 13,000 loans will be transferred across in the next 18 months Metro Bank says ‘nothing changes at the moment’ … Read more

DIRECTOR DEALS: Metro Bank boss snaps 1.85m shares in the lender

DIRECTOR DEALS: Metro Bank boss Daniel Frumkin snaps up 1.85m shares in the lender for £1.1m By Daily Mail City & Finance Reporter Published: 21:50 GMT, 6 November 2020 | Updated: 21:50 GMT, 6 November 2020 The Arsenal-supporting boss of Metro Bank snapped up 1.85m shares in the lender. British-American businessman Daniel Frumkin, 56, who … Read more

How a Metro Bank customer lost £26,000 in a two-step sophisticated scam

A Metro Bank customer lost £26,000 after a fraudster took advantage of compromised card details to scam him twice in what the bank described as a sophisticated social engineering scam. The man from Bedford, who did not wish to be named, said he was left checking his online banking ‘every five minutes’ after fraudsters accessed … Read more

Does RateSetter’s takeover by Metro Bank mean the end of casual P2P investing?

Last December, the chief executive of the peer-to-peer lending platform RateSetter, Rhydian Lewis, described new rules designed to better protect casual investors in the sector as ‘a Darwinian process… that will lead to a stronger industry’. But just eight months later Lewis’ platform, one of Britain’s ‘big three’ in peer-to-peer investing, announced it had been … Read more