- Challenger bank Metro Bank said it won £120m in funding from Banking Competition Remedies , a vehicle set up by the UK government and European Union.

The funds would be used to help meet the needs of small and medium sized enterprises and 'inject vibrant competition into the market', the company said.

Alongside its existing store opening programme, Metro Bank said it would open new stores in England's north by the end of 2025, including in Manchester, Leeds, Sheffield, and Liverpool.

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