Metro Bank to axe 20% of staff as part of cost-cutting drive

£50m per year in savings

Elliot Gulliver-Needham
clock • 2 min read

Metro Bank is set to cut 20% of its staff and review its seven-day opening policy as part of a range of cost-cutting measures to be implemented next year.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

UK-based fintech SumUp exploring $15bn IPO – reports

UK-based fintech SumUp exploring $15bn IPO – reports

Acquisitions planned

Patrick Brusnahan
clock 15 September 2025 • 1 min read
Brown Advisory snaps up Marylebone Partners

Brown Advisory snaps up Marylebone Partners

Reduced fees as part of deal

Patrick Brusnahan
clock 08 September 2025 • 1 min read
Goldman Sachs takes $1bn stake in T. Rowe Price as they ink 'strategic collaboration'

Goldman Sachs takes $1bn stake in T. Rowe Price as they ink 'strategic collaboration'

Private markets push

Cristian Angeloni
clock 05 September 2025 • 1 min read
Trustpilot