Metro’s share price tanks after second cash call in seven months

Metro Bank shares plunged to fresh lows on Wednesday, after the lender shocked markets with plans to raise a further £350m just months after its last cash call. The high street challenger also revealed that it is under investigation by City regulators, the Financial Conduct Authority and Prudential Regulation Authority, over a major accounting failure first disclosed last month. The […]

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House banking panel to grill Wells Fargo CEO solo

Wall Street’s six biggest banks to testify before House Financial Services Committee in March: Report “Bulls & Bears” panel on the report that Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo will testify in front of the House Financial Services Committee in March. Wells Fargo’s CEO Timothy Sloan is expected to testify solo in front […]

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Banks could easily stumble over Brexit and buybacks

There is an old Lloyds Bank television commercial featuring those darlings of the 1980s sitcom, Jan Francis and Nigel Havers. Francis’s character has just bought a house from Havers and the ad has the pair bumping into each other at the supermarket checkout. The encounter prompts Francis to give Havers a few unsolicited personal finance lessons, by explaining how her […]

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Online lender OnDeck quarterly profit nearly doubles

(Reuters) – Online lender OnDeck Capital Inc on Tuesday reported quarterly adjusted profit that nearly doubled, as the online lender dispensed more loans and earned more interest income. Adjusted net income rose to $15.9 million, or 20 cents per share, in the fourth quarter ended Dec. 31, compared with $8.1 million, or 10 cents per share, a year earlier. reut.rs/2Ia0Euh […]

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