Troubles Continue for UK’s Metro Bank

The challenges continue to mount for UK challenger Metro Bank; founded by the former head of Commerce Bank in NJ, Vernon Hill, the bank is being investigated by British regulators for mistakes it made in risk-weighting commercial mortgages; shares of Metro Bank are down 80% over the past year and by more than 30% over just the past six week so there are calls for the ouster of Vernon Hill, the bank’s chairman; Metro Bank has also been hurt by its reliance on residential mortgages which make up about two-thirds of its loan portfolio. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.