METRO BANK SECURES £50M FOR EXPANSION

METRO BANK, launched in July as Britain's first new high street retail bank in more than 100 years, has raised £50m of new capital from investors to further develop its business. The latest round of capital raising builds on an initial £75m secured earlier this year, and the company said the new cash will help it increase the number of new branch openings over the first two years to at least 18 from 12.