Metro Bank axing 850 jobs and reviewing seven-day bank branch opening hours
The bank said it had identified potential cost savings of up to £50million per year, which the group expects to achieve during the first quarter of next year but it is still looking for sites across the North of England
Earlier this week the bank received shareholder approval for the equity portion of a £925m refinancing and recapitalisation plan backed by Colombian billionaire Jaime Gilinski
The Bank also said it would invest in automation for back-office operations and improving digital services.
