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


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


Metro Bank shares post record gain as lender boosts capital


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.


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


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


RBS starts hunt for new chief executive as McEwan steps down


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.


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


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


Direct lenders ready to step in where Brexit makes banks retreat


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.


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


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.


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


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


Metro Bank shares plunge as regulators circle


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.


Metro Bank will raise about $464 million through share sale


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.