Metro Bank's MREL crisis could test Bank of England's flexibility
![Metro_Bank_seven_days_Alamy_230x150_260919](https://assets.euromoneydigital.com/dims4/default/1bcd60a/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fdc%2F2e%2Fd0e8f38671f21907ebab7396445d%2Fmetro-bank-seven-days-alamy-230x150-260919.jpg)
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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