Britain's Prudential Regulation Authority (PRA) is still working with embattled Metro Bank (MTRO.L) to present a plan by Monday morning that would see the lender bolster its balance sheet or find a buyer, according to a person with knowledge of the situation.
to present a plan by Monday morning that would see the lender bolster its balance sheet or find a buyer, according to a person with knowledge of the situation.is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, people familiar with the matter also told Reuters.The PRA, HSBC, Shawbrook and JPMorgan declined to comment. Metro Bank, Lloyds and Santander did not immediately respond to a request for comment.
Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. It said that it met its minimum capital requirements and had not made a decision on fundraising plans.
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