Reported about 13 hours ago
Metro Bank, established in the UK in 2010, has received an informal takeover proposal from Pollen Street Capital as it faces challenges and market valuation concerns. Currently valued at around £750 million, the bank has struggled since misclassifying loans in 2019, which led to regulatory scrutiny and a subsequent capital raise to stabilize its operations. The outcome of the discussions is still uncertain, with Metro Bank previously accepting a £925 million rescue deal to maintain stability.
Source: YAHOO