Metro Bank Moves Away From Mortgages After Reporting Error
PYMNTS
FEBRUARY 26, 2020
After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. After the error was revealed, the bank was forced to raise $484 million in new shares.
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