Crisis-hit Metro Bank has been forced to hand back £50m of the £120m it was awarded from a Royal Ban14 Apr 2020 23:50
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
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
Metro are active against business lending leaving residential only. .. does not take much to read electronic/paper feeds for potential folk to shy away.
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.
RE: MTRO Crashes out of the FTSE25003 Sep 2019 22:56
On the Chopstix front whilst the linl below will be xxxxxxxx out if you go to chopstixgroup then franchise and then finances , it is not Metro that is listed ... it is big and bold HSBC