Member Info for mark-expat

Crisis-hit Metro Bank has been forced to hand back £50m of the £120m it was awarded from a Royal Bank of Scotland-funded scheme designed to boost competition in the banking sector.

The bank is to "step away" from niche small business offerings but new boss Dan Frumkin - appointed last week - said the group remains "absolutely committed" to the small business market.

A spokesman from rival banking challenger Virgin Money said: "This is disappointing news for competition in the business

You now sound not sound remotely interested?

My last post was to try to get a business loan with Metro would be NOVECKINGOOD, should have sadly been COVIDINGOOD, good luck, M

... not me

https://www.telegraph.co.uk/business/2019/09/25/tycoons-grabbed-bargain-metro-bank-cash-call-sit-400m-losses/

Just being factual. I am, unlike you , developing in business and looking for financial partners and whilst you have no need, you are blessed.

illbetabuck sums you up

Try to get a business loan with Metro as it will be NOVECKINGOOD

Just a waste of my time, not sour grapes. I liked their vibe and wanted to do business with them. Their loss, not mine.

I have various business interests and Metro Bank within the SME market are an absolute no go. This leads to business folk talking and others talking, families, etc ... and residential mortgages and current acounts being metros only limited income at best that are not pillow talk amongst such folk.

Sometimes shorters leave in profit and pull out the plug over the sink for fun , but in this case, metro has gone from c.£30 to sub £2 in less than 12 months so, imo, they have already pulled the plug and are already laughing all the way to the bank.

There is no point in anyone buying Metro. There was little interest in their most recent fund call and they now need to sell what assets they have that are interesting to others to survive, end of.

I think that they ( the shorters) have bought back in and made their profits looking at the trades, and whilst I am not a trader, the volume of sales and movement speaks volumes

I go back with you over the years and do not see a bounce on this one. We have gone through the maths on banks time and time again,this one is a no go , imho, atvb, M

https://www.youtube.com/watch?v=bjSpO2B6G4s&list=RDTLV4_xaYynY&index=5

SME Loans are not for Metro, defo .... in fact any lending is stretched for Metro at the mo.

Metro are active against business lending leaving residential only. .. does not take much to read electronic/paper feeds for potential folk to shy away.

If 99% interest does not get it over the line, then it's not enough interest!

There was the moment to buy bonds @7.5% return with little interest this week from Metro. Does not look good going forward!

https://www.youtube.com/watch?v=AUvBqQl93Ms

There has been a total lack of effort to buy in over the last few trading months. I would suggest that those going short would have best already cashed in the majority of their shorts already and that there is little interest in Metro going forward. If any shareholder is expecting a bounce from shorts being otherwise sold, then think twice.