Metro Bank Plunges on Misclassified Assets, Capital Concern
Bank Innovation
JANUARY 23, 2019
Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].
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