11/28/2023 0 Comments Investment banking or bustMetro was hoping to reduce that requirement by getting permission from the Bank of England to use its own internal models to assess its mortgage risks. The issue is that the bank is operating at the edges of its capital requirements, which refers to the amount of assets held by the bank that can be sold off at short notice if it faces unexpected losses. Without that extra funding, its ability to lend could be put at risk. Metro needs more money to ensure it can continue to expand. Metro has about 2.7 million customers and 76 branches, and holds about £15.5bn worth of UK customer deposits. Metro Bank, which became the first new high street bank in the UK for more than a century when it was launched by the American billionaire Vernon Hill in 2010, says it is not facing any immediate threat and is operating as normal.
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