Metro launches new strategy, plans to issue more MREL
Metro Bank is looking to become a more profitable institution after launching a review of its strategy this week, but the lender still faces the challenge of having to raise a further £500m of debt to meet its capital needs.
Reporting its financial results on Wednesday, Metro Bank acknowledged that 2019 had been a “challenging year”.It had to sell new shares after underestimating the risk weights it needed to apply to some of its loans, and it then went on to struggle to borrow to meet ...
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