JPMorgan Chase opted out of bid for Metro Bank - FT
© Reuters. FILE PHOTO: Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo) considered a potential bid for Metro Bank before opting not to proceed because of the extra capital a new buyer would have to put in, the Financial Times reported on Sunday.
Metro Bank has been considering a number of funding options after a series of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs. Reuters had earlier reported that Metro Bank is set to discuss funding options with its shareholders over the weekend as the lender seeks to shore up its finances and assure regulators after a volatile week of trading.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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