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The Independent UK

National

Maroosha Muzaffar

Metro Bank looking to raise up to £600m in new financing

Metro Bank Metro

PA Wire

Metro Bank‘s shares tumbled further today after reports emerged of an urgent £600m funding drive to shore up its balance sheet.

The challenger bank is in talks with investors about raising £250m in equity financing and £350m in debt, while asset sales are also being considered to bolster the lender’s coffers.

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