Explore stories from Atlantic Canada.
LONDON - Embattled British bank Metro announced a 325 million pound capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to secure its future after a volatile week of trading.
Metro Bank said the capital raise comprised 150 million pounds of new equity and a 175 million pound issuance of bail-in debt. The equity raise was led by Metro's largest shareholder, Spaldy Investments, which is owned by Colombian billionaire Jaime Gilinski. Spaldy will become the controlling shareholder once the transaction completes, Metro said, with a 53% stake.
The bank also said it was in discussions regarding the sale of up to 3 billion pounds of residential mortgages. The Bank of England's Prudential Regulation Authority said in a statement:"The Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen its capital position."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sourcesExplore stories from Atlantic Canada.
Lire la suite »
Bank of England approached UK lenders to gauge interest in troubled Metro Bank- FTExplore stories from Atlantic Canada.
Lire la suite »
Santander UK Approached on Possible Metro Bank Bid, Sky Says - BNN BloombergSantander UK is among the lenders approached by regulators about a possible bid for Metro Bank Holdings Plc, according to Sky News.
Lire la suite »
JPMorgan Explored Offer for UK’s Metro Bank, FT Reports - BNN BloombergJPMorgan Chase & Co. explored a potential bid for UK lender Metro Bank Holdings Plc but decided on Saturday night not to go ahead with a possible deal because of the additional capital that would be required by a new buyer, according to the Financial Times.
Lire la suite »
JPMorgan Chase opted out of bid for Metro Bank - FTExplore stories from Atlantic Canada.
Lire la suite »