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Metro Fails To Attract Investors To Bond Issue

PYMNTS

Metro Bank in the U.K. in London, and the financial institutions managing the deal even tried to reduce it to between 200 and 250 million pounds. Metro Bank PLC thanks the broad number of investors who have met with the company and shown interest in their potential inaugural MREL issuance,” the bank said.

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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones. There are plans to launch the app across all of its 27 stores in 17 cities in the near future.

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WeLink Lands $185 Million In Financing For 5G Network Rollout

PYMNTS

Utah startup WeLink has raised $185 million to roll out its 5G fixed-wireless broadband network in new markets across the United States, the company announced in a Thursday (Jan. The startup, launched in 2018 by wireless industry veterans Kevin Ross and Ahsan Naim, said it has also targeted seven other markets for future expansion as well.

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57 banks and nothing wrong?

Chris Skinner

Seven years ago, the first new retail bank in almost a century got its licence to open: Metro Bank. The Spectator has just written an interesting piece about this: In 2013, Graeme Hartop left his job as managing director of the banking arm of the Scottish Widows investment group. Something is happening. Or are they?

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Car Talk: Shift Announces Plans To Go Public

PYMNTS

IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We Investors are excited by the prospect of an entirely new market for online players to displace traditional sellers,” says the WSJ.

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Sensibill Rolls Out New Tool For Automatic Receipt Extraction

PYMNTS

Financial services companies, such as accounting software or personal finance management providers, can use the SKU-level data to personalize their services. Sensibill CEO Corey Gross said in the release that there's a "new urgency around cost savings, efficiencies, digital engagement and innovation in otherwise mature markets.".

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How to Build Better Deposit Performance – Size and Beta

South State Correspondent

Because of the option to add or remove deposit balances over time, deposit management is one of the more complicated endeavors in banking. Add a three month CD option for your customers and the duration of your money market accounts can noticeably get reduced. Building better deposit performance is more complicated.

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