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18 Nov 2:35pm

No word on ‘terminated’ takeover of Metro Bank by financial beast Carlyle

The Guardian
Failure of the talks shows that bank consolidation at the bottom end of the industry never gets momentum That didn’t last long. Two weeks ago, Metro Bank said it was in discussions about a takeover approach from private equity giant Carlyle. Now, the talks are “terminated” for reasons neither side is prepared to state. As it headed to the exit, Carlyle didn’t even offer a few polite words of encouragement for the Metro management crew trying to revitalise a lender whose go-go expansion plans were blown apart by a misreporting scandal in 2019. Metro’s shares fell 19%, returning to where they had stood at the start of the month.
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