Metro Bank - In difficulty?

boingy

stripling said:

I'm sure they're not 'going under' they are just fund raising. 

Don't be so sure. The latest slump in their share price resulted in the shares briefly being suspended today and the price has dropped by about 72% since the start of the year. That's not going to make it easy to raise funds, but might make it a whole lot easier for someone to buy them.

If you want a real giggle look-up their 5 year share price graph. The price has gone from £27 to 36p.

ColdIron

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

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

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

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

I have £10 with them but as soon as my recent direct debits with them become active I'm switching to Nationwide 

GeoffTF

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:

https://www.metrobankonline.co.uk/help-and-support/store-related-questions/what-are-your-store-opening-hours/

My local branch (which has not been open long) seems to have more staff than customers when I have passed by.

GeoffTF

Here is a later article:

https://news.sky.com/story/troubled-metro-bank-kicks-off-3bn-mortgage-book-sale-12977581

Grizebeck

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:

https://www.metrobankonline.co.uk/help-and-support/store-related-questions/what-are-your-store-opening-hours/

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

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