The bank's shares sank by as much as a third after newspaper reports damaged confidence in the firm.
Share prices are plummeting after Metro Bank confirms it's considering fundraising plans, ITV News' Business and Economics Editor, Joel Hill, reports
Plans being mooted include investors raising around £250 million in equity funding and £350 million in debt, as well as a possible £100 million share sale. However the firm’s statement said the bank has been profitable on an underlying basis for the past nine months.
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