Metro Bank Up For Sale in £1.3bn Move That Could Net Billionaire £420m

RecentNews.uk

Metro Bank has publicly put itself up for sale, valuing the lender at roughly £1.3bn.

Billionaire investor Jaime Gilinski Bacal is in line for a £420m windfall from his 53% stake.

The bank was rescued from near-collapse in late 2023 with backing from regulators.

Chief executive Daniel Frumkin previously cut over 1,000 jobs and closed Sunday branches to restore profits.

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