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Metro Bank - In difficulty?

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Comments

  • ColdIron
    ColdIron Posts: 10,190 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    edited 5 October 2023 at 4:15PM
    From the BBC
    • Metro Bank's stock market value is now less than £100m, having been valued at around £3.5bn at its peak five years ago.
    • The bank is now considering a number of options to boost its balance sheet before some £350m worth of debt will need to be refinanced in October 2025.
  • subjecttocontract
    subjecttocontract Posts: 3,124 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 5 October 2023 at 6:50PM
    Well if they will de-bank organisations like they did recently then what goes around comes around. Don't look for sympathy in my neck of the woods. Feeling sorry for banks is something that just doesn't ring right with me.
  • GeoffTF
    GeoffTF Posts: 2,356 Forumite
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    subjecttocontract said:
    Well if they will de-bank organisations like they did recently then what goes around comes around. Don't look for sympathy in my neck of the woods. Feeling sorry for banks is something that just doesn't ring right with me.
    It is not about feeling sorry for Metro Bank. It is about do you want fully staffed branches opening seven days a week?
  • wmb194
    wmb194 Posts: 5,578 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    GeoffTF said:
    subjecttocontract said:
    Well if they will de-bank organisations like they did recently then what goes around comes around. Don't look for sympathy in my neck of the woods. Feeling sorry for banks is something that just doesn't ring right with me.
    It is not about feeling sorry for Metro Bank. It is about do you want fully staffed branches opening seven days a week?
    From Metro? No.
  • MikeJXE
    MikeJXE Posts: 3,928 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I have £10 with them but as soon as my recent direct debits with them become active I'm switching to Nationwide 
  • GeoffTF
    GeoffTF Posts: 2,356 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    wmb194 said:
    GeoffTF said:
    subjecttocontract said:
    Well if they will de-bank organisations like they did recently then what goes around comes around. Don't look for sympathy in my neck of the woods. Feeling sorry for banks is something that just doesn't ring right with me.
    It is not about feeling sorry for Metro Bank. It is about do you want fully staffed branches opening seven days a week?
    From Metro? No.
    Yes:
    My local branch (which has not been open long) seems to have more staff than customers when I have passed by.
  • GeoffTF
    GeoffTF Posts: 2,356 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    Here is a later article:
  • Grizebeck
    Grizebeck Posts: 3,967 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    GeoffTF said:
    wmb194 said:
    GeoffTF said:
    subjecttocontract said:
    Well if they will de-bank organisations like they did recently then what goes around comes around. Don't look for sympathy in my neck of the woods. Feeling sorry for banks is something that just doesn't ring right with me.
    It is not about feeling sorry for Metro Bank. It is about do you want fully staffed branches opening seven days a week?
    From Metro? No.
    Yes:
    My local branch (which has not been open long) seems to have more staff than customers when I have passed by.
    I've noticed that two
    They even offer safety deposit boxes ! Seems so old fashioned
  • Outeast1000
    Outeast1000 Posts: 116 Forumite
    Third Anniversary 10 Posts Name Dropper
    If Metro Bank does go under would it be a matter of days . weeks . or months . I have a Bank account with Metro Bank and I am worried 
  • huw01
    huw01 Posts: 432 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    They did have nice pens you could nick, always used to bag a couple when down in london
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