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16 May 7:41pm

Fundraising call by Metro Bank raises £375m in three hours

The Guardian
Figure was raised from the £350m originally sought due to investor interest, bank says Metro Bank has raised £375m from a fundraising call that will strengthen its balance sheet. The bank hopes the move will quash rumours about its financial health that caused customers to pull cash last weekend. A Metro Bank spokeswoman confirmed the lender had closed its share placing early on Thursday evening, less than three hours after it started.
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