The bank that loves branches – and, no, it’s not in great financial shape
Planet Business: Starmer merch, Apple’s obsolete watches and the first solo female winner of the Nobel prize for economics
Metro Bank
Metro Bank barely survives problems of its own making
United Kingdom lender secures new capital to ease immediate peril, with few signs of a wider crisis
Metro Bank agrees €1bn financing package with investors
Challenger bank announces a £325m capital raise and £600m of debt refinancing
European shares rise as mining and oil stocks lead gains
Bank of Ireland, Deutsche Bank and Spotify among the fallers
Metro Bank’s annual loss narrows but lender remains cautious
Bank has set aside £5.3m to resolve investigation by financial regulator
OnlyFans founder blames banks for porn ban
Tim Stokely says Bank of New York Mellon ‘flagged and rejected’ all interbank wires linked to website
Solid earnings boost European stocks as ECB leaves rates unchanged
Banks lead Iseq higher as Ryanair, Glanbia and Cairn Homes also gain
Administrators of Orla Kiely licensing arm due to secure extra royalties
Royalties settlement of £120,000 have been obtained in the most recent reporting period
European shares rise on strong German economic data
Ryanair and other travel stocks advance as investors look to easing of Covid-19 crisis
Orla Kiely administrators call in lawyers to pursue creditor claims
Kiely and husband Dermott Rowan served as directors when business collapsed in 2018
Metro Bank shares plummet after lender unveils costs cuts
The bank reported a pretax loss of £130.8m as it wrote off technology projects
Move to open US store blamed for collapse of Orla Kiely firm
Company foundered in 2018 with debts of £7.25 million
Lloyds Bank fails to pass on wills of 9,000 deceased customers
Assets of dead were distributed to wrong people
Metro Bank shares surge on bond sale success
Bank pays higher yield than for previous pulled issue as founder chairman signals departure
Falling euro boosts European shares, as Wall Street makes gains
Providence Resources rose 0.33% after plan approved to sell new shares to raise $3.76m
Banks push Iseq higher even amid heightened Brexit uncertainty
‘Performance of UK economy will remain below-par until Brexit issue is resolved’
Metro Bank finance director joins Revolut as fintech rewards influencers
Fintech reportedly rewarding influencers who encourage people to join Revolut
Metro Bank shares dive after slide in profits
Chairman Vernon Hill to stand down once replacement is found
Metro Bank shares slide as investigations launched
Three US law firms looking into whether bank’s bosses took part in securities fraud
Risk appetite returns to market as trade war fears played down
Iseq underperforms peers and Paddy Power Betfair down 1% as name change agreed
European shares fall on trade fears over Chinese tariffs
Vodafone slides as Iseq index falls 1.5%, with industrial heavyweights hardest hit
Metro Bank shares down despite assurances on £350m share sale
UK lender starts ‘final discussions’ with investors about share sale
Metro Bank draws up plans to sell £1bn of its loans
Misreporting scandal causes share price to plummet
Orla Kiely retail administrators raise more than expected from stock sale
Goods sold through direct sales, a pop-up shop and auctions
European shares slump after Fed outlook, as Paddy Power Betfair slips
Bookie was the worst blue-chip performer in London as it skidded 5.4% on sports results
Signs of a potential thaw in US-China trade freeze buoy global markets
Iseq in Dublin rose 1.2%, helped by good performances from some of its heavy hitters
Strong US economic data buoys equity markets
Good day for Irish shares with Iseq overall index rising 1.08%
Investors focus on oil price increase and luxury-good makers
Ryanair, due to report third-quarter results on Monday, ends the day up 0.96 per cent
Metro Bank reveals riskier commercial loan portfolio
Bank issues profit warning after ‘soft’ end to 2018
Iseq higher but European shares sluggish on trade war concerns
Pillar banks end strongly after Davy report while CRH struggles on US construction data
‘Big Short’ investor bets against UK banks, predicting Corbyn will be PM
Steve Eisman says he expects big fall in UK market as a result of Brexit
Goldman Sachs and UBS back women in finance initiative
UK Treasury charter calls on companies to commit to targets for promoting women
Volatility continues to reign for investors, as Wall Street ends on positive note
European shares fell, while there was a rollercoaster finish to the week in the US
The major business events coming up in the week ahead
For Your Diary: EY Entrepreneur of the Year awards; CPL AGM; Irish retail sales
Retail Excellence Ireland calls for 3% cut in VAT
Lobby group also wants Brexit-proofing and measures to get businesses online
Wanted: €100 million for new Irish ‘lifestyle’ bank
Strategic partners only; hedge funds, private equity and institutions need not apply
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