Metro Bank cheers Brexit-weary UK with £375m block

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By Aidan Gregory, Sam Kerr
17 May 2019

Metro Bank completed its long awaited equity capital raise on Thursday night, providing a rare bit of good news to UK bankers and investors despondent over a tortuous Brexit process.

RBC Capital Markets, Jefferies, and Keefe, Bruyette & Woods were underwriters on the capital increase.

Metro Bank announced its intention to raise £350m of equity capital in February. In January it revealed that it had made an accounting error that miscalculated its risk-weighted assets (RWAs). The bank misreported its ...

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