Metro Bank's Shares Plunge, Prompting Urgent Capital Raise Discussions
TL;DR
Shares of UK's Metro Bank were suspended multiple times after plunging over 25% in a volatile session, following reports that the bank was attempting to raise £600 million ($727 million) in debt and equity.
- UK's Metro Bank shares suspended multiple times after plunging more than 25% CNBC
- Metro Bank explores raising up to 600 million pounds -sources Reuters
- Metro Bank considering raising hundreds of millions from investors The Guardian
- Metro Bank Hires Morgan Stanley to Explore Capital Raise Options Bloomberg
- Metro Bank in talks about urgent £600mn capital raise Financial Times
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