Bank founder under pressure over loan portfolio move
Pressure is mounting on Metro Bank founder and chairman Vernon Hill after an admission today that the bank is considering selling a loan portfolio.
In an update to the stock exchange the bank, which in April this year announced plans to open new branches in Manchester and Liverpool, said it noted recent press speculation regarding a potential disposal of a loan portfolio.
It said: "The company regularly assesses various opportunities in the market and accordingly confirms that discussions regarding the potential sale of a loan p... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...