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Metro Bank CFO James Hopkinson to step down

According to Reuters, a Metro Bank spokesperson commented that Hopkinson is leaving for personal reasons. He will leave during the first quarter of 2024.

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Cristina Alba Ochoa will be acting as the interim CFO from January 15 Metro Bank said in a statement, but added that they are looking for someone to fill the role permanently. Alba Ochoa was previously CFO at OakNorth.

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This news comes after Metro Bank has faced a number of setbacks towards the end of 2023. The bank was forced take a £925m rescue deal last October and was in talks to sell £3bn of its mortgage book before calling it off.

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In November 2023, the lender was looking at reducing branch opening hours and cutting staff by 20%, meaning 850 staff could be losing jobs.