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MetroBank: can this be right?
kidmugsy
Posts: 12,709 Forumite
Free the dunston one next time too.
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Comments
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Can what be true? That they lost 35% of their share value or that they misclassified the risk of some loans ?
Both appear to be true, so yes ?0 -
Yup, nothing happened, nothing changed, just a few numbers written in a different column & the bank is suddenly worth £800 million less.Tall, dark & handsome. Well two out of three ain't bad.0
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EssexExile wrote: »Yup, nothing happened, nothing changed, just a few numbers written in a different column & the bank is suddenly worth £800 million less.
It’s more than that though. Possibly a sizeable fine. Probably harsher liquidity reuirements. Likely downgrade of credit rating meaning more expensive interbank borrowing. Likely to have more stringent audits in future.0
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