Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
JPMorgan Chase 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.
A deal would have been done through JPMorgan's British digital banking unit, Chase UK, the FT added.
British lender Metro Bank on Saturday rejected a series of takeover approaches from specialist business lender Shawbrook and later held talks with bondholders about an equity injection alongside a debt restructuring, media reports said.
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.
"They have said formally three times this year that they would not raise new equity" - good for them, and they suckered me on that point. But it is what it is and I was just posting what Bloomberg were reporting.
You know they do not need to raise equity if it all goes up in smoke....