{"id":70241,"date":"2019-07-26T00:01:22","date_gmt":"2019-07-26T04:01:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=70241"},"modified":"2019-07-25T22:56:06","modified_gmt":"2019-07-26T02:56:06","slug":"metro-bank-profits-dive-chairman-to-stand-down","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2019\/metro-bank-profits-dive-chairman-to-stand-down.html","title":{"rendered":"Metro Bank Profits Dive, Chairman to Stand Down"},"content":{"rendered":"<p>\n(Reuters) Metro Bank\u2019s founder Vernon Hill will step down as chairman, the British lender said on Wednesday, as it reported customers had pulled 2 billion pounds ($2.5 billion) out of the lender this year following a major accounting error in January. The bank, which muscled onto Britain\u2019s high streets in 2010, also posted an 84 percent fall in half year profit and said it had sold a 521 million pound portfolio of loans to hedge fund Cerberus to bolster its finances.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-metro-bank-chairman\/metro-bank-profits-dive-chairman-to-stand-down-idUSKCN1UJ28B\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Metro Bank\u2019s founder Vernon Hill will step down as chairman, the British lender said on Wednesday, as it reported customers had pulled 2 billion pounds ($2.5 billion) out of the lender this year following a major accounting error in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70241","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=70241"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70241\/revisions"}],"predecessor-version":[{"id":70242,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70241\/revisions\/70242"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=70241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=70241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=70241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}