London Market and Share Price

bank: The announcements were made alongside the bank's annual results on Tuesday night, according to The Guardian. Metro Bank's share price slumped once again on Wednesday and was down more than 26% at about 950p shortly before the London market closed. The high street challenger also revealed that it is under investigation by City regulators, the Financial Conduct Authority and Prudential Regulation Authority, over a major accounting failure first disclosed last month. The company's shares have lost 50% of their value since the accounting issue was announced. He also offered to resign, but said he has full backing of the board and is staying put. The lender confirmed in January that hundreds of millions of pounds of commercial property loans and loans to commercial buy-to-let operators had been wrongly classified in risk terms and should have been among its risk-weighted assets RWAs . While the bank originally suggested it had uncovered the issue on its own, it later emerged the error was caught by the PRA. Craig Donaldson, the CEO, is now giving up his annual bonus, which was worth 800,000 in 2017, over the debacle. (news.financializer.com). As reported in the news.