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Capital Injection

All articles tagged with #capital injection

finance2 years ago•1 min saved

Metro Bank's Urgent Search for a Buyer Intensifies

The Prudential Regulation Authority (PRA) is reportedly working with Metro Bank to present a plan by Monday morning that would help the bank strengthen its balance sheet or find a buyer. The PRA has invited major UK lenders, including HSBC and Lloyds, to consider making an offer for Metro Bank. Shawbrook is also considering a potential bid for the bank. JPMorgan and Santander have reportedly explored the possibility of making offers as well. Metro Bank has been exploring options to raise up to £600 million ($734.28 million) through equity and debt injections and asset sales. The bank has not made a decision on its fundraising plans yet.

via Reuters|

#capital-injection #finance #metro-bank

finance2 years ago•3 min saved

Major Banks Unite to Rescue First Republic Bank with Billions in Funding

Eleven top US banks are injecting $30 billion into First Republic Bank to prevent a run on deposits and quell concerns about the health of the financial system following the failure of Silicon Valley Bank and Signature Bank. The coordinated action is intended to sweep away fears by depositors and investors that midsize banks could fall victim to perilous runs. The private sector action could also help the Biden administration avoid the politically damaging charge that it is bailing out banks.

via POLITICO|

#bank-failures #capital-injection #finance