Metro Bank Falls Victim to Fake News

Metro Bank’s Harrow branch in London became the victim of a fake news story that caused customers to demand their savings and valuables from safety deposit boxes; a rumor was spread on WhatsApp saying the bank might be shut down or go bankrupt; WhatsApp messages are private and encrypted making it impossible to read messages or counter fake news; the bank made statements explaining the news was completely false and the bank was not going anywhere. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.