Last December, the chief executive of the peer-to-peer lending platform RateSetter, Rhydian Lewis, described new rules designed to better protect casual investors in the sector as ‘a Darwinian process… that will lead to a stronger industry’. But just eight months later Lewis’ platform, one of Britain’s ‘big three’ in peer-to-peer investing, announced it had been … Read more
Metro Bank swings to a £240m loss as the troubled challenger bank is battered by the economic fallout from the pandemic Decade-old Metro Bank said Covid-19 had cost it around £109million The amount of cash deposited with the bank grew by 14 per cent to £15.6billion The challenger bank’s shares fell 14 per cent on … Read more
Despite Metro Bank’s tenth birthday just five months away, new chief executive Dan Frumkin didn’t appear to be in the mood for celebrations in late February. Given the job on a full-time basis just a week earlier, having run the bank on an interim basis since January, one of his first acts was to detail … Read more
Did you ever think you’d see the day when a Mini Metro, Fiat Panda or Vauxhall Astra would be classed as a classic car? However, under Vehicle Excise Duty (VED) rules, any car that’s over 40 years old is deemed ‘classic’ and owners are exempt from having to tax them each year. And guess what … Read more