RBS Fund Takes Back £50M From Metro Bank
PYMNTS
FEBRUARY 26, 2020
After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. The company’s plans were thwarted when it was revealed that it was miscategorizing a number of loans when figuring out capital requirements.
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