MREL woes resurface for Metro Bank

Tyler Davies

August 05, 2020 02:15 PM

Metro_Bank_PA_575x375_050820 — A Metro Bank branch is seen in London. Metro Banks shares dropped by 8\% on Monday 13 May 2019 leaving them 70\% lower for the year to date and concerns about the banks financial position. At its many branches, it has been reported that customers are queueing outside the bank after a WhatsApp message advising people to withdraw their money out of their accounts and empty safe deposit boxes. (Photo by Dinendra Haria / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Metro Bank has said that it could slip below its minimum requirements for own funds and eligible liabilities in the coming months. It is paying close attention to a review of MREL being carried out by the Bank of England, which may help it to avoid embarking on another costly debt-raising exercise.

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Regulation Senior Debt FIG People and Markets UK Europe EMEA FIG People and Markets

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Tyler Davies