Bank of England approached UK lenders to gauge interest in troubled Metro Bank- FT
© Reuters. FILE PHOTO: Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo -The Bank of England's Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank, the Financial Times reported on Sunday.
Metro Bank has recently rejected a series of takeover approaches from specialist business lender Shawbrook and on Saturday held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank has been considering a number of funding options after a series of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs.