Metro Bank to slash costs after £925m rescue deal
by Kalyeena Makortoff Banking correspondent from on (#6FDNY)
Lender confirms customers have started to pull money out amid worries over its financial health
Metro Bank is launching a fresh cost-cutting drive after the embattled lender clinched a 925m rescue package from investors over the weekend.
The high street lender said it was aiming to slash about 30m of costs a year from 2025 as part of the deal, which avoided a potential breakup or takeover by a rival UK bank.
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