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‘Terminated’ takeover of Metro Bank blow to idea of challenging old guard
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That didn’t last long. Two weeks ago, Metro Bank said it was in discussions about a takeover approach from private equity giant Carlyle. Now, the talks are “terminated” for reasons neither side is prepared to state.
As it headed to the exit, Carlyle didn’t even offer a few polite words of encouragement for the Metro management crew trying to revitalise a lender whose go-go expansion plans were blown apart by a misreporting scandal in 2019. Metro’s shares fell 19%, returning to where they had
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