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Bank dividends in the spotlight after pandemic rules relaxed

Bank dividends in the spotlight after pandemic rules relaxed
eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.

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RateSetter hands back £384m to 45,000 investors after Metro Bank takeover

Around 45,000 investors in the now-defunct peer-to-peer lender RateSetter have had their accounts closed and their money returned after it was taken over by Metro Bank last August.
Customers began receiving emails from last Tuesday after the High Street lender in February gave investors two months notice that it had bought £384million worth of loans in early February, said to be earning around 8 per cent a year.
However, some of the emails detailing the closure of investors accounts only came through on Monday, with 19,000 withdrawal requests delayed last week.
RateSetter was snapped up by Metro Bank last August
One of these, seen by This is Money, said: On 2 April 2021, the investing side of RateSetter closed. Your money has been returned in full to your holding account. ....

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RateSetter hands back £384m to 45,000 investors after Metro Bank takeover

RateSetter hands back £384m to 45,000 investors after Metro Bank takeover
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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