More good news bbc live 7.4517 May 2019 09:25
The Bank of England's regulatory arm, the Prudential Regulation Authority, regulates Metro Bank and a Bank spokesperson has responded to that announcement that the lender has raised £375m of fresh funding - more than the £350m initially planned.
“The Prudential Regulation Authority welcomes the steps taken today by Metro Bank. Metro Bank is profitable and continues to have adequate capital and liquidity to serve its current customer base. It has raised additional capital in order to fund future growth," the Bank of England spokesperson said.