I also saw that in the News today and it did raise some concerns - I'm self-employed and have my business bank account with them.
I was wondering if anyone has a more informed/learned view on the state of play regarding Metro Bank.
This is the second time I've seen their shares drop like a stone which can't be a good sign. For the sake of disclosure, I have no skin in the game regarding stock but was looking to move to them commercially and I have doubts about their integrity because of the "what if" factor.
I am aware they are looking to raise a good chunk of funding and that there is some doubt emerging over their ability to do so. Of course, we'd like to believe that UK PLC will never let a bank fail but Northern Rock proved otherwise so it's not out of the question.
Or am I wrong?
Best,
Simon
I also saw that in the News today and it did raise some concerns - I'm self-employed and have my business bank account with them.
If Metrobank does fail where are we going to start storing all of our watches.
I know my £200 is safe but is my LVc
Think I still have 40quid in there from when I got their card to use abroad. Better get it out asap.
I would start looking elsewhere - when a bank asks for bids on it's current mortgage portfolio they are in the do-do.
When you look long into an abyss, the abyss looks long into you.........
They've been "rescued" but for how long? Is it time to move away?
I suppose that starts a run on it anyway....?
Unless they change their business model, they've only bought a bit more time before their inevitable demise.