Metro Bank Teeters after Bond Sale Fails. Shares Collapsed 95% by Nick Corbishley • Sep 27, 2019 • 17 Comments Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.”
After Shares Collapse, Mini Bank-Run Begins as UK Lender Counts Cost of Broken Trust by Don Quijones • May 13, 2019 • 28 Comments This time it’s about the safe deposit boxes at Metro Bank.
Balance Sheet “Error” Wreaks Havoc on UK’s Fastest Growing, Most Popular Bank by Don Quijones • Mar 1, 2019 • 25 Comments But (well-connected?) investors started smelling a rat 10 months before the first disclosure.
Multiple Online Banking Systems Go Down in the UK by Don Quijones • Sep 21, 2018 • 54 Comments Payment chaos: For bottom-line-obsessed bank executives, IT systems are an expense to be slashed. The results are in.
