Tag: Financial Times

JPMorgan Chase considered a potential bid for Metro Bank before opting not to proceed because of the extra capital a new buyer would have to put in, the Financial Times reported on Sunday. A deal would have been done through JPMorgan's British digital banking unit, Chase UK, the FT added. British lender Metro Bank on Saturday rejected a series of takeover approaches from specialist business lender Shawbrook and later held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank has been...