JPMorgan Chase opted out of bid for Metro Bank

JPMorgan Chase contemplated a potential bid for Metro Bank but ultimately decided against it due to the substantial additional capital requirements for a new buyer. Metro Bank, facing financial challenges after past setbacks, rejected takeover offers from Shawbrook and explored equity injection and debt restructuring with bondholders.

Oct 8, 2023 - 18:30
JPMorgan Chase opted out of bid for Metro Bank
JPMorgan Chase contemplated a potential bid for Metro Bank but ultimately decided against it due to the substantial additional capital requirements for a new buyer. Metro Bank, facing financial challenges after past setbacks, rejected takeover offers from Shawbrook and explored equity injection and debt restructuring with bondholders.