Metro Bank Plc announced on Wednesday that it will cut 1,000 jobs by mid-April to be on track to save close to £50 million during the first quarter of 2024. Another £30 million cost savings is expected to happen during the last months of the year.
The layoff of about 22% of its workforce surpasses...
Metro Bank Plc announced on Thursday that it intends to reduce its workforce by 20%, which means that approximately 800 employees will lose their jobs.
The bank also revealed that it is considering suspending the opening of its branches for a seven-day period as a step towards achieving its target...
Metro Bank Holdings plc confirmed that it secured a £325 million capital raise and £600 million of debt refinancing with the aim of strengthening its balance sheet and "accelerating earnings potential."
Spaldy Investments Limited will be behind the largest part of the equity raise with £102 million...
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