Metro Bank Reviews Seven-Day Opening and Plans Job Cuts in £50m Cost-Saving Plan

The bank is in talks with the Financial Conduct Authority about the impact of the changes, while remaining committed to its stores and the high street.

Metro Bank, under a £50m cost-saving plan, is reviewing its seven-day-a-week opening hours and plans to cut around 850 jobs.
The bank is in talks with the Financial Conduct Authority about the impact of the changes on customers.
Metro Bank remains committed to its stores and the high street, but will transition to a more cost-efficient business model, investing in automation for service and back-office operations.
The bank's cost-cutting plan will not affect its growth areas, and it continues to seek sites in the North of England for new stores.
Three board members will step down at the end of the year, leaving the board with five non-executive and two executive directors.