lender: A Metro Bank spokeswoman confirmed the lender had closed its share placing early on Thursday evening, less than three hours after it started, according to The Guardian. The fundraising was increased from the 350m originally sought due to the interest from investors, the spokeswoman added. The bank hopes the move will quash rumours about its financial health that led to customers withdrawing cash last weekend. Shares jumped 22% when markets opened on Friday to 646p. It was a steep discount to the 22 a share investors would have paid before the bank revealed a major accounting mistake in January. The challenger bank offered shares at a price of 5 each, 14% below the stock's closing price on Wednesday.
(news.financializer.com). As
reported in the news.
Tagged under lender, evening topics.