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The Guardian - UK

Business

Kalyeena Makortoff Banking correspondent

What is happening at Metro Bank and why is it in need of so much money?

Metro Metro Bank Jaime Gilinski Bacal Russ Mould

Cars drive past a branch of Metro Bank — Metro Bank recently returned to profit but needs investment in order for it to grow. Photograph: Leon Neal/Getty Images

Metro Bank’s shares plunged by 30% on Thursday after it emerged on Wednesday night that the lender was preparing to ask investors for hundreds of millions of pounds to shore up its balance sheet. Here’s what it means for the bank and its customers.

Is Metro Bank in serious financial trouble?

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