Metro Bank's MREL crisis could test Bank of England's flexibility

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Metro Bank's MREL crisis could test Bank of England's flexibility

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The failure by Metro Bank, the UK challenger bank, to issue a £250m senior non-preferred bond this week throws the spotlight on the Bank of England, which could soon have to decide how to deal with Metro if it fails to meet a year-end deadline for raising bail-inable debt. Tyler Davies reports.

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