Metro Bank shares plummet as board meets regulators
The so-called ‘challenger’ bank, as it was known when it first came to the High Street just after the financial crisis, has been summoned to explain what's happening.
This comes amid reports that Metro Bank is seeking to raise millions to bolster its finances and continue with its strategy of supporting customer-facing branches to make its market.
As IGTV’s Jeremy Naylor reminds us, customers with up to £85,000 in their account are covered by the Financial Services Compensation Scheme, which guarantees that if a bank runs into trouble, depositors will get their money back up to that level.
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