Metro Bank readies launch

Metro Bank is expected to open its doors early next year after reports the City watchdog is close to approving its launch.

The Financial Services Authority is understood to be close to granting approval that would pave the way for the bank to open two flagship branches in London, the first start-up bank in a century.

Metro Bank is being setup by Financial Services Forum chief executive Anthony Thomson and Commerce Bank founder Vernon Hill.

According to reports, Hill will take the role of non-executive chairman and Thomson will be vice-chairman. It is believed the bank has raised £75m to fund its plans.

It is understood the bank, which is currently using the strapline “love your bank”, aims to distinguish itself from high-street rivals by opening longer and on weekends, as well as on the quality of its customer service.

It has been previously reported that Metro aims to open 220 branches within a decade and is also considering launching fee-based current accounts in a bid to make sure its charges are “transparent”.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here