7 months ago
2 mins read
Metro Bank Faces Share Price Plunge By 28%
Metro Bank, one of the top British banks, witnessed a significant 28% drop in its share price recently amid reports that it’s seeking to raise £600 million to strengthen its balance sheet. According to the Financial Times, the bank is currently in discussions with investors about securing £250 million in equity funding and an additional £350 million in debt financing. Metro Bank, in a statement, clarified that no final decision had been made yet. However, some reports suggest that a spokesperson indicated a potential £100 million equity raise. The primary concern lies in the bank’s market capitalization, which now stands