Financial sharks circling Metro Bank
About 1 Month, 5 Days, 17 Hours, 40 Minutes ago.
Although Metro Bank recently came top of a consumer satisfaction league table, financial sharks are circling the challenger bank.
Metro Bank is now the second most shorted company on the UK stock market. That means a lot of financial firms are betting the bank's shares will continue to fall - despite having already lost 80% of their value in the last 12 months.
Ever since Metro Bank revealed it had made an error in calculating how much shock absorbing capital it was holding, there have been some serious questions in the minds of regulators about the bank's operating competence and in the minds of investors about its basic business model.
So what's been going on?