Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio November 27, 2023 Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.
Short sellers target Metro Bank ahead of crucial shareholder vote November 26, 2023 Short sellers are targeting Metro Bank ahead of a decisive shareholder vote tomorrow on a major refinancing plan agreed just over a month ago.
Metro Bank added to FCA’s financial crime watchlist November 12, 2023 Metro Bank has been added to the City regulator's financial crime watchlist, the lender confirmed, posing another headache for the bank as it looks to rebuild after securing a major refinancing deal.
Bank of England says lenders to be put through mini budget-style shock tests November 10, 2023 It is intended to replicate some of the chaos and more which was unleashed on markets last autumn after Liz Truss and Kwasi Kwarteng revealed their budget and other moments of turmoil.
Crisis over? Metro Bank deposit outflows stabilise following dramatic fundraise November 7, 2023 Metro Bank confirmed this morning that deposit outflows have returned back to normal levels after its dramatic fundraise last month.
Metro Bank founder: I told them branches wouldn’t work 10 years ago October 12, 2023 The founder of Metro Bank claims he warned the struggling lender against its sprawling network of branches some ten years ago - but the board failed to listen.
Metro Bank bondholders back refinancing plans despite significant haircut October 11, 2023 Metro Bank has secured approval from its bondholders to go ahead with major refinancing plans.
Metro Bank fundraise averts immediate threat – but what next? October 9, 2023 Metro Bank's emergency capital raise has reassured investors for the moment, but analysts warned the bank needed to develop a more convincing investment case if it is to survive.
Metro Bank share prices rises after bank strikes late-night deal to shore up balance sheet October 9, 2023 Metro Bank confirmed this morning that it had secured a major refinancing package from its investors after a bruising week in which the bank's share price fell nearly 30 per cent.
Metro Bank bosses summoned for meeting with City watchdogs after share price slump October 5, 2023 The bosses of Metro Bank have been called in to emergency meetings with the UK's financial watchdogs after its shares slumped over 20 per cent this morning.