Embattled Metro Bank secures capital, Colombian billionaire Gilinski to take control
© Reuters. FILE PHOTO: Jaime Gilinski, GNB Sudameris bank's board chair, speaks during a news conference in Bogota May 14, 2012. REUTERS/Fredy Builes/File Photo
Metro Bank had sought to shore up its finances after a string of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs. "The opportunity to become the bank's major shareholder is driven by my belief in the need for physical and digital banking underpinned by a focus on exceptional customer service," Gilinski said in a statement.
The fundraisings are due to complete in the fourth quarter, subject to shareholder and bondholder agreement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metro Bank secures capital, Colombian billionaire Gilinski takes majority stakeMetro Bank secures capital, Colombian billionaire Gilinski takes majority stake
Read more »
Metro Bank secures capital, Colombian billionaire Gilinski takes majority stakeEmbattled British bank Metro (MTRO.L) announced a 325 million pound ($396.5 million) capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to secure its future after a volatile week of trading.
Read more »
Bank of England approached UK lenders to gauge interest in troubled Metro Bank- FTBank of England approached UK lenders to gauge interest in troubled Metro Bank- FT
Read more »
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sourcesShawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sources
Read more »
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bidBritish specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L), people familiar with the matter told Reuters on Sunday.
Read more »
JPMorgan Chase opted out of bid for Metro Bank - FTJPMorgan Chase opted out of bid for Metro Bank - FT
Read more »