Metro Bank’s shares slumped on Thursday after reports it is looking to raise millions to boost its balance sheet.
But bosses at the bank insisted that its finances were strong and its share price staged a recovery on Friday.
So what’s been going on?
So what’s been going on?
Metro Bank was set up in 2010 as a “challenger” bank to bigger, more traditional, lenders.
It was launched in the wake of the financial crisis and was the first High Street bank to open in the UK in more than 100 years.
Its founder, American Vernon Hill, said at the time that he wanted to do things differently: so the bank offered customer-friendly perks like opening its doors seven days a week and even putting out water bowls and dog biscuits for customers’ pets.
Metro Bank currently has 76 branches across England and Wales, and in July said it planned to open 11 more across the north of England in 2024 and 2025.
Metro Bank’s shares slumped on Thursday after reports it is looking to raise millions to boost its balance sheet.
So what’s been going on?
But bosses at the bank insisted that its finances were strong and its share price staged a recovery on Friday.
Metro Bank was set up in 2010 as a “challenger” bank to bigger, more traditional, lenders.
So what’s been going on?
So what’s been going on?
Metro Bank was set up in 2010 as a “challenger” bank to bigger, more traditional, lenders.
It was launched in the wake of the financial crisis and was the first High Street bank to open in the UK in more than 100 years.
Its founder, American Vernon Hill, said at the time that he wanted to do things differently: so the bank offered customer-friendly perks like opening its doors seven days a week and even putting out water bowls and dog biscuits for customers’ pets.
Metro Bank currently has 76 branches across England and Wales, and in July said it planned to open 11 more across the north of England in 2024 and 2025.
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