Metro Bank shares rebound amid reports of £600m capital offer
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6FC2S)
Lender's stock hit all-time low after news it was exploring selling off up to 40% of mortgage book
Metro Bank shares rebounded from all-time lows on Friday, amid reports that the embattled lender was sitting on a 600m offer from bondholders that could cover its looming funding pressures.
Regulators have been keeping a close eye on developments at the high street lender, which needs fresh investor funding, and is exploring selling off up to 40% of its mortgage book, in order to shore up its balance sheet and ensure it can continue to grow.
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