Louis Goss is a MarketWatch reporter based in London.
Metro Bank has struck a deal to secure £925 million worth of new financing following a weekend of urgent talks amid concerns about the financier’s balance sheet.
Shares in the bank MTRO, +10.50% jumped more than 17% on news of the new investment after having lost 47% of their value over the past month. Metro Bank’s share price has, however, suffered in recent years following dramatic revelations in 2019 it had misclassified £900 million worth of loans due to an accounting error
Concerns about Metro Bank’s future were further heightened again last week following reports from Sky News the U.K. challenger bank was seeking to raise hundreds of millions to bolster its finances.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of England approached UK lenders to gauge interest in troubled Metro Bank- FTBank of England approached UK lenders to gauge interest in troubled Metro Bank- FT
Consulte Mais informação »
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sourcesShawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sources
Consulte Mais informação »
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bidBritish specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L), people familiar with the matter told Reuters on Sunday.
Consulte Mais informação »
UK bank regulator still pressing for Metro plan by Monday, source saysBritain's Prudential Regulation Authority (PRA) is still working with embattled Metro Bank (MTRO.L) to present a plan by Monday morning that would see the lender bolster its balance sheet or find a buyer, according to a person with knowledge of the situation.
Consulte Mais informação »
Metro Bank secures capital, Colombian billionaire Gilinski takes majority stakeEmbattled British bank Metro (MTRO.L) announced a 325 million pound ($396.5 million) capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to secure its future after a volatile week of trading.
Consulte Mais informação »
Metro Bank secures capital, Colombian billionaire Gilinski takes majority stakeMetro Bank secures capital, Colombian billionaire Gilinski takes majority stake
Consulte Mais informação »