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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
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!
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.
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
http://chopstixgroup.com/franchise/finances/
I no longer trade.
You are correct, I don't understand your comment on MW
****************************/listings/LON/MTRO
Hope this helps
Marshall Wallace are currently holding a 1.46% short postion as of 12 days ago
https://*********************/shortinteresttracker
Chopstix security agreement with Metro linked below
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/Xv-0oE8oGTOLSaju9uEw6YxMPHpgRrJlZVnrXfiug7w/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3OABAY7M6%2F20190903%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20190903T212744Z&X-Amz-Expires=60&X-Amz-Security-Token=AgoJb3JpZ2luX2VjEGAaCWV1LXdlc3QtMiJHMEUCIQDse2Vie2pbE1Z4LEfoxw81%2BpP%2FNlSkRGC0EkXXhaKJCQIgVDzewCDfAj82toPMjbCcLRkQzow1ai7pTZkqiHrF2ZEq2gMIGRACGgw0NDkyMjkwMzI4MjIiDJohqXQYXj783wzQSSq3AzDyLFjo%2FHetlpnbe507P6zW2BbYhxJRlOP2D9BJHZO1MvrNiPZsdVEHC3Rw%2Fyy%2FbbyiQsnRKWAaDlhXcy7dHNO4xmdD5ALpfwajruxHOVRHoH2GZN9GpeQiyg2q1F%2BY3PZ9RnariPCiUr8AmMcYvEGZZWfYTQSMYoqinNnJ%2B6hZMXUN4y0Tr780SxesZhTwcJiH6nAxUNYUdWaiDD73J0YW%2FZRMem8cLdHObcIbmTpqynW774PJRd%2BiWSzyuktoGhK%2F5EYqkSk5yffenMR0BttxUthkxmHsuGVOCTkYvdwTI3uV%2BUix58aoPJzpi72EhAFTXPTzvgAVZGmFbRNQJMh9Ek6HzlkVw1AlIFpTPn2WsGIzk9mND%2Fj%2BIysmNJ%2F2iGUbLwVYD9VxUbcpX1q9h5XnALjdN%2FToP%2FiF%2Fi5743YbV8aNX%2FzrVrMKcOPhjdPekPV%2FVMxcHoUpW9kuADwa5C813ho4HaGrvlhyvcX0M1qT9LrvXLsEDgQaO%2BRikZWDY8m%2FUuoLCkXu0WAPhgs%2BNxKlPrQF1%2B%2FxmrHiRlX2UwtREG3fJ0vcgqmG%2BJdV%2BndrNGA8cyUeoe4wrIq66wU6tAHaLkFSX0eapaSmbYqGgF%2BDeiXGgPBuA6i4UpNT1no%2BrDIeUf6r1eEqXRiIWv9PImvrJyTMp9EN100rsKJxatabU7azVo9o7ChgH7Ry97%2BJ8tEg5PrtlnQjemPARu%2Fjg%2BPeR9K4uO8vCwkANZBeR9sE8PYpRjMObExJ67Yc63cXyfTagDus1rpLQguUf9rOxfxXLagSD4ZUPISty6pcKjDxglzyxPAG%2FhWxP9%2BeRQHffkb00Qc%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=0453b46a3d6999c96a3bc9274a6cc2aadcb6c8c3c3515df4c8d2a0cf13ba7eb9
I just thought I would share my recent experience with yourselves. .. I'll log on again in another 8 years ( yeras HH ) , atb , Mark
Marshall Wallace have always maintained a 1-2% short postion in Metro , if I am wrong please show me otherwise
.. good one on the mark-expat , cuddlethisthow also works ! and heres hopin you get a life
.. this could be war lol
https://www.youtube.com/watch?v=AUvBqQl93Ms
Messed up big time with his maths though or a deliberati fudge ( HH spell check please) , hence the share collapse
55%
good spell check HH ...