MBNKF - Metro Bank's Capital Raising Failed - A Takeover Seems The Only Solution
Metro Bank Was A Growth Stock - Now It Isn't
Metro Bank PLC ( OTCMKTS: MBNKF) was an interesting growth story. The first new banking license in the UK in 100 years, strong expansion plans and recent performance and so on. The stock was thus highly rated a it should have been.
Then there was a little problem They'd not been allocating capital against the riskiness of loans properly. This was not a minor issue, it was large enough - against property loans of all things - to significantly affect capital ratios. Thus a capital