The buyout firm has been studying a potential acquisition of Metro Bank, as speculations mount. Shares of Metro Bank have fallen 25% in London trading in 2021, giving it a market value of about GBP 180 million (USD 245 million).
Metro Bank’s image took a hit of its own in 2019, when UK regulators (the Financial Conduct Authority and Prudential Regulation Authority) began an ongoing investigation into how it misclassified certain assets. The lender, which had a market value of about GBP 3.6 billion at the peak, has seen its shares slide since then.
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