Metro Bank in trouble?

[Puddenchucker]

Is another Bank about to go bust / require a bail-out / be taken-over?

https://www.bbc.co.uk/news/business-67016375

[Mr Whippy]

Doesn’t Intelligent Money use them for cash accounts?

Cash in a pension wrapper here isn’t covered beyond the FSCS limit iirc.

[Gecko1978]

They have adequate capital but it seems the market are concerned they don't have revenue to cover bond yields. So less a collapse more just not enough to make them a worthwhile investment.

[Al Gorithum]

I have a business account with Metro. They are absolutely st.

[Timothy Bucktu]

Al Gorithum said:

I have a business account with Metro. They are absolutely st.

Ah, but they've got nice modern banks shops centres lounges in prime shopping centre locations...

Metro is not a place I'd put my hard earned!

[Mr Whippy]

I’m not sure many of the mainstream banks are where I’d want my hard earned.

[ScotHill]

If you spend decades giving away free newspapers to people who aren't even customers then this is what happens.

[anonymous-user]

Timothy Bucktu said:

Ah, but they've got nice modern banks shops centres lounges in prime shopping centre locations...

Metro is not a place I'd put my hard earned!

I have never understood why when other banks are closing all their branches Metro Bank keep creating massive branches that look like the reception to a modern hotel.

There can't be that many people who want to store their family gold in a safety deposit box are there?

[Terminator X]

ScotHill said:

If you spend decades giving away free newspapers to people who aren't even customers then this is what happens.

Deserved a

TX.

[CoolHands]

The fact they were always busy with people sitting down and meeting with advisors, being all super-important busy, and generally looking like an advert from an architects proposed model renders, meant it was obvious something wasn’t right. I assume they lent out money really easily or something.

[Pupp]

Terminator X said:

ScotHill said:

If you spend decades giving away free newspapers to people who aren't even customers then this is what happens.

Deserved a

TX.

Certainly did

[Gecko1978]

Pupp said:

Terminator X said:

ScotHill said:

If you spend decades giving away free newspapers to people who aren't even customers then this is what happens.

Deserved a

TX.

Certainly did

Top tip their coin conversion machines charge zero commission and you don't need an account there plus of you guess how much you have deposited you get extra £2....

[Tlandcruiser]

I have an account with them that I use for holiday spending abroad, their app is good and never had any issues.

Alsways felt good having an option to have a safety deposit box, always felt like having one with something completely random inside. In the event that I die the people in my will would be thinking; I never knew he had a safety deposit box…I wonder what’s inside, some invaluable family jewels….ends up being a 10mm socket

[heisthegaffer]

Tlandcruiser said:

I have an account with them that I use for holiday spending abroad, their app is good and never had any issues.

Alsways felt good having an option to have a safety deposit box, always felt like having one with something completely random inside. In the event that I die the people in my will would be thinking; I never knew he had a safety deposit box…I wonder what’s inside, some invaluable family jewels….ends up being a 10mm socket

Sort of thing I'd do!

Vaguely related but my dad's pal was a bit of a joke, he'd always take lots of washers to the beach for excited metal detection folk to find.