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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Metro Bank shares surge on talk of private equity takeover

A branch front with people walking bast
A branch of Metro Bank in Manchester. There is speculation Metro would be merged with Shawbrook. Photograph: Christopher Thomond/The Guardian

Metro Bank shares have surged to a two year-high after news of a takeover approach by a London private equity firm that could create uncertainty for customers and staff.

It emerged over the weekend that Pollen Street Capital has sounded out Metro bosses over a potential deal, which could take the listed lender off the London Stock Exchange and back into private hands.

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