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Metro Bank to cut 20 per cent of staff after £925m rescue

Metro Bank said today its turnaround plan would require a great deal more cost surgery than previously anticipated.

Metro Bank has learned 'the hard way' about costly branches

Metro Bank is preparing to lay off 20 per cent of staff and cut opening times and trying to simplify its business to reduce costs.

Oil price falls after Saudi-led cartel surprises market

The price of crude oil fell after a cartel of oil-producing nations led by Saudi Arabia surprised the market by issuing a statement that failed to include an expected pledge to cut production by another million barrels per day.

Metro Bank planning to slash 850 jobs and cut opening hours in bid to avoid collapse

The lender said it will make 20% of its 4,266-strong workforce redundant, which means more than 850 jobs will be lost.

UK's Metro Bank and Lloyds join Barclays in announcing job cuts weeks before Christmas