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The challenger bank, which has more than £15bn in customer deposits and was valued at £65m, has seen its shares fall by more than a quarterThe summons follows the high street lender’s admission it is looking to raise £600m of fresh funds in an effort to to strengthen its troubled balance sheet.deposits and was valued at £65m, saw its shares fall by more than a quarter after it was revealed it was looking for ways to boost its finances.
Metro stressed it continued to meet its minimum regulatory capital requirements, and remains “well positioned” for future growth. Earlier this year Metro had assets of £22bn withThe bank, which was launched in 2010 and was valued at nearly £3.5bn at its peak, is reported to have hired Morgan Stanley to help with advice and the potential capital raise.
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