Metro Bank shares surge after £375m emergency cash call

City A.M. | May 17, 2019 at 8:22 AM
  • Shares in Metro Bank soared this morning after it successfully raised £375m of extra capital as investors backed the challenger bank following a major loans blunder.
  • The embattled bank raised more than its target amount of £350m just hours after launching a discounted funding round last night.
  • The bank issued the emergency cash call in response to the error.