U.K.

Vernon Hill survives proxy challenge at Metro Bank in U.K.

05/21/19

Metro Bank had worked to win shareholder support by raising fresh capital and cutting ties with Hill's wife's design firm.

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Metro Bank shares post record gain as lender boosts capital

05/17/19

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

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A ‘crisis of confidence’ at Vernon Hill’s U.K. bank

05/15/19

As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.

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RBS starts hunt for new chief executive as McEwan steps down

04/25/19

Royal Bank of Scotland's top banker will leave the state-backed lender within a year, in an expected move that potentially paves the way for a senior female executive to take his role.

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U.K. fintech now has war chest to push stateside

04/23/19

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

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Direct lenders ready to step in where Brexit makes banks retreat

03/21/19

Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.

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FIS in $43 billion deal for Worldpay as fintech consolidation ramps up

03/18/19

Financial services technology company FIS has agreed to buy Worldpay in a deal valued at $43 billion, which allows FIS to counter the transaction processing scale Fiserv received when it acquired First Data earlier in 2019. The merger price is based on a $34 billion bid plus $9 billion of Worldpay's debt.

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Barclays to merge BPay, Pingit products as banks fend off Apple

03/05/19

Barclays is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users.

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Metro Bank shares plunge as regulators circle

02/27/19

Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale.

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Metro Bank will raise about $464 million through share sale

02/26/19

Metro Bank, the U.K. challenger bank seeking to fix a shortfall on its balance sheet, said it expects to raise about £350 ($464 million) through selling shares.

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