Metro to launch £350m capital raise within weeks

Aidan Gregory

May 13, 2019 02:15 PM

Metro4_PA_230x150 — File photo dated 09/02/15 of a branch of Metro Bank in Tottenham Court Road, London. Metro Bank has seen its shares come under pressure after the lender was forced to quash "false rumours" on social media over its financial health and said plans to shore up its finances were well advanced. | Nick Ansell/PA Wire/PA Images

Metro Bank, the embattled UK challenger bank, is expected to launch its planned £350m equity capital raise in the coming days after the bank was forced to quash rumours of financial instability on social media over the weekend. It may also sell or securitize some loans.

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Aidan Gregory