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A new dawn for Metro Bank?

The FTSE 250 lender has big plans after selling £2.5bn of mortgages to NatWest
A new dawn for Metro Bank?Published on December 10, 2024

Metro Bank (MTRO) burst onto the scene in 2010, complete with colourful logo, generous opening hours, and free dog biscuits. It was the first high-street bank to enter the UK market in over a century, and prioritised in-person customer service at a time when rivals were shutting branches. 

Since Metro Bank’s IPO in 2016, however – when it fetched a £1.6bn valuation – shareholders have not enjoyed a quality service. Instead, they have witnessed a series of regulatory blunders. Just last month, the company was fined £16.7mn by the financial watchdog for failing to adequately check transactions for money laundering. 

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