Metro Bank on Sunday night secured a last ditch deal to shore up its beleaguered balance sheet after a weekend of speculation about the bank’s future.
The London-listed bank said it had agreed a £325m capital raise and £600m of debt refinancing after racing to secure a deal before markets opened on Monday morning.
The announcement came hours after news broke that the Bank of England had been sounding out potential buyers for the embattled lender.
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