Today news
About the same in other media
‘Terminated’ takeover of Metro Bank blow to idea of challenging old guard
Reading now: 361
That didn’t last long. Two weeks ago, Metro Bank said it was in discussions about a takeover approach from private equity giant Carlyle. Now, the talks are “terminated” for reasons neither side is prepared to state.
As it headed to the exit, Carlyle didn’t even offer a few polite words of encouragement for the Metro management crew trying to revitalise a lender whose go-go expansion plans were blown apart by a misreporting scandal in 2019. Metro’s shares fell 19%, returning to where they had stood at the start of the month.
The failure of the talks means we won’t hear Carlyle’s tentative original thinking. But the lack of action is another blow to the idea that once valuations of third-tier banks fall far enough – and Metro is valued at just
Read more on theguardian.comAbout this in other media
LV= takeover may create conflicts of interest, says boss of trade body theguardian.com /3 years ago
Cryptocurrency News Today: Reserve Bank Of India (RBI) Recommends Separate Laws On Digital Lending ndtv.com /3 years ago
Bank of Russia plans to take fees for CBDC transactions: Report cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
