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Metro Bank acquired SME Finance in August 2013, and rebranded the business as Metro Bank SME Finance in May 2014. [23] It was announced in August 2020 that Metro Bank had agreed to acquire Retail Money Market Ltd, a London-based provider of peer-to-peer loans trading as RateSetter. The price would be between £2.5 million and £12 million ...
Metro Bank: 2010 London, England 22.2 3,000 76 Monzo: 2015 London, England 11.2 [12] ... Triodos Bank UK Ltd Triodos Bank N.V. Netherlands: TSB Bank plc: Banco Sabadell:
Metropolitan Bank and Trust Company (Metrobank), a Philippine bank founded in 1962 MetroBank, the subsidiary of MetroCorp Bancshares , an American bank based in Houston, Texas Metro Bank (United Kingdom) , a British retail bank established in 2010
The high street lender saw shares rise in early trading after it reduced its losses for the past half-year.
Vernon W. Hill II (born August 18, 1945) is an American businessman, the founder and former chairman of Metro Bank, a UK retail bank with 77 stores, [1] and assets of £7.4b ($10.6b). He was also the founder, former chairman, president and CEO of Commerce Bancorp of Cherry Hill, New Jersey , and chairman of pet insurance firm Fetch Inc.
This led to a very small number of banks dominating the UK market—the so-called Big Four—with virtually no competition at all. Indeed, when Metro Bank received their license in 2010, it was the first new high street bank for 100 years. [7] In the wake of the 2008 financial crisis, it was decided to open the market up to new banks.
RateSetter was founded in 2009 as one of the pioneers of peer-to-peer lending.The London-based company traded in the UK and, from 2014, in Australia. In 2020, the UK business was acquired by Metro Bank for a value of £35m, and the Australian business listed on ASX for a value of £110m.
Monzo Bank Limited, trading as Monzo (/ ˈ m ɒ n z oʊ /), is a British online bank based in London, England. [4] Monzo was one of the earliest of a number of new app-based challenger banks in the UK.