The challenger bank has often taken chances but a new business model positions it as more the opportunist rather than the rebelMetro Bank bosses are breathing a sigh of relief. Less than a year after the bank was forced into the arms of a Colombian billionaire as part of a £925m rescue deal, it is coming back from the brink.A forecast by the bank last week that it would return to profitability by the end of the year sent shares up more than 35% to 55p, marking their strongest weekly gain since the bank’s IPO in 2016. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/04/metro-bank-new-business-model-analysis
Author : Kalyeena Makortoff Banking correspondent
Publish date : 2024-08-04 13:24:38
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Metro Bank returns from the brink but tough road lies ahead
