JPMorgan Chase thought-about a possible bid for Metro Bank earlier than opting to not proceed as a result of of the additional capital a brand new purchaser must put in, the Financial Times reported on Sunday.
A deal would have been finished by way of JPMorgan’s British digital banking unit, Chase UK, the FT added.
British lender Metro Bank on Saturday rejected a sequence of takeover approaches from specialist enterprise lender Shawbrook and later held talks with bondholders about an fairness injection alongside a debt restructuring, media experiences stated.
Metro Bank has been contemplating a quantity of funding choices after a sequence of setbacks in recent times, together with accounting errors, management departures and delayed regulatory approval for key capital reliefs.
Reuters had earlier reported that Metro Bank is ready to debate funding choices with its shareholders over the weekend because the lender seeks to shore up its funds and guarantee regulators after a risky week of buying and selling.
A deal would have been finished by way of JPMorgan’s British digital banking unit, Chase UK, the FT added.
British lender Metro Bank on Saturday rejected a sequence of takeover approaches from specialist enterprise lender Shawbrook and later held talks with bondholders about an fairness injection alongside a debt restructuring, media experiences stated.
Metro Bank has been contemplating a quantity of funding choices after a sequence of setbacks in recent times, together with accounting errors, management departures and delayed regulatory approval for key capital reliefs.
Reuters had earlier reported that Metro Bank is ready to debate funding choices with its shareholders over the weekend because the lender seeks to shore up its funds and guarantee regulators after a risky week of buying and selling.
