Multiple Banks and Financial Institutions Show Interest in Troubled Metro Bank
The Bank of England's Prudential Regulation Authority has approached several major UK lenders to gauge their interest in acquiring troubled British lender Metro Bank. JPMorgan and HSBC considered bids but ultimately decided against proceeding due to the additional capital requirements for a buyer. Metro Bank has recently rejected takeover approaches and is now in talks with bondholders about an equity injection and debt restructuring. The bank is hoping to secure new funds before the stock market opens on Monday. Metro Bank has faced various setbacks in recent years, including accounting errors and leadership departures.
