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Challenger lender announces first branch closures in its history
Regulator says bank failed to act with ‘due skill, care and diligence’
Plus, US exchanges target Indian listings and the case for the Universal Basic Income
Metro’s community vision; tensions between Numis and THG; and Google’s fintech boss has Bond on the mind
Buyout group’s decision to pull out of discussions sends shares in UK challenger bank tumbling
Private equity interest in mid-tier UK retail banks reflects hopes for a turn in the sector’s fortunes
UK lender has ‘engaged with’ US private equity firm over potential offer
Tim Stokely says Bank of New York Mellon ‘flagged and rejected’ all interbank wires linked to website
UK lender reports sharp reduction in losses after overhauling business
Chief executive Daniel Frumkin urges regulators to seize on ‘unique moment’ to boost competition
Bank will be lucky to get half its money back after collapse of exclusive Mayfair spot
Deal to offload fifth of its loan book removes need for potentially crippling debt issuance
Virgin Money and Metro Bank have plans in place, with Lloyds about to start testing
RateSetter acquired by Metro Bank
UK challenger bank insists disruption caused by pandemic has not derailed turnround plans
Metro Bank losses deepen, four takeaways from banks’ earnings season; Disney slumps to a loss
Purchase comes as UK challenger bank seeks to expand into more profitable areas of consumer lending
Simon Culhane musters genteel crowd of volunteers for 21st-century ‘Dad’s Army’ to fight fraud
Robert Sharpe to join challenger bank in November
Industry veteran to replace co-founder Vernon Hill who resigned in wake of reporting scandal
Groups turn to big financial institutions amid falling demand and nervous investors
Ex-JPMorgan banker buys China mask factory in anticipation of second virus wave
A deal would set boss Dan Frumkin on the right foot with shareholders
Acquisition would accelerate push to expand unsecured consumer lending book
Risk-takers notably absent among the low-footprint non-jet-setters
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