CNN

British banks announce sweeping job cuts weeks before Christmas

Staff at UK banks face layoffs in the lead-up to Christmas in what one labor union called “disgraceful” timing. Struggling Metro Bank said Thursday that it expected to slash headcount by 20% as part ...
CNN

Colombian billionaire takes control of Britain’s struggling Metro Bank

Jaime Gilinski Bacal, a Colombian banking and real estate entrepreneur, has taken control of Metro Bank as part of a bigger rescue deal to fill a hole in the UK lender’s finances. Metro Bank said in a ...
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BIZ BUZZ: Metrobank still ‘strongest bank’ in PH

Perhaps consistency is truly the key to excellence. In the case of Metropolitan Bank and Trust Co. (Metrobank), this strategy worked for four consecutive years as it again bagged the Strongest Bank in ...
The New York Times

Metro Bank, a Troubled U.K. Lender, Raises Money to Shore Up Finances

After days of talks the bank said it had raised extra money from shareholders and bondholders and would refinance a big chunk of debt. By Michael J. de la Merced Reporting from London Metro Bank, an ...