MREL woes resurface for Metro Bank
Metro Bank has said that it could slip below its minimum requirements for own funds and eligible liabilities in the coming months. It is paying close attention to a review of MREL being carried out by the Bank of England, which may help it to avoid embarking on another costly debt-raising exercise.
Analysts were mostly disappointed by Metro Bank’s results on Wednesday.
The UK challenger bank fell to a £240m loss after tax over the first six months of the year — well below most market estimates.A lot of the earnings pressure could be attributed to higher ...