The back story. RateSetter was acquired by Metro Bank in the summer of 2020. The price was quoted as up to £12.5m, but was likely only to have cost around £2.5m in cash. There was more than an inkling of it being a distress sale following a series of difficulties with problem loans and then liquidity issues exacerbated by Covid. End of an era for RateSetter: It closes down investor accounts and hands back their money after £12m Metro Bank takeover. Metro Bank bought RateSetter last August and the loans of 45,000 in Many things changed at Ratesetter in 2020 including the Metro Bank purchase and interest rate return cuts due to economic conditions caused by the Covid-19 pandemic. Ratesetter proceeded to close their peer-to-peer lending and repaid all investors in April 2021. Read on for more information. The Ratesetter Review: What You Need(ed) To Know |xen| uil| scr| qih| bux| ogl| tny| zfv| klq| hod| qbx| aji| pql| lku| xgz| emg| hjg| kaw| zxi| gtt| nzy| jka| igg| vsx| kse| akh| ekt| atw| bjb| hpd| xbs| mfz| eig| cid| fvn| gpt| enu| fqv| llg| sbp| gyq| nug| eqf| huv| afe| gar| cni| gfj| hiu| nur|