Metro Bank
Coverage of Metro Bank in the Nexus archive.
- Metro Bank customer fights for £14,000 refund after AI-linked fraud
A Metro Bank customer, Zoli Rutter, lost £14,244 after fraudsters used his account to purchase credits for the AI chatbot Claude. The bank failed to prevent unauthorized transactions, prompting Rutter's fight for a refund.
- No deposit, no problem: the new 100% mortgages for first-time buyers
Metro Bank and other lenders are offering 100% mortgages with no deposit required, helping first-time buyers enter the property market. These loans, which were common before the 2008 financial crisis, are now being reintroduced with relaxed affordability rules.
- Metro Bank offers 100% mortgage to first-time buyers - but they will need their parents' help
Metro Bank is offering a 100% mortgage to first-time buyers, though applicants will require parental assistance. The initiative aims to support first-time homebuyers by eliminating the need for a down payment.
- Metro Bank investors urged to reject executive pay report
Investors in Metro Bank are advised to reject the bank's executive pay report due to a controversial bonus scheme that could award the CEO up to £60 million, which proxy adviser Institutional Shareholder Services (ISS) deems 'significantly out of line' with market standards. The recommendation comes ahead of the bank's annual meeting on 2 June.