Reported 28 days ago
Metro Bank's shares have reached a two-year high following speculation that London-based Pollen Street Capital is considering a takeover of the bank, potentially leading to a merger with Shawbrook, another firm owned by Pollen. This development comes after Metro, which has faced financial difficulties and job cuts in recent years, might return to private ownership. While the takeover could benefit shareholders, it raises concerns for employees and the bank's 3 million customers regarding future services and stability.
Source: YAHOO