Now that a crisis has been averted at Metro Bank, is it time for investors to take a look at the beleaguered high street lender? A third-quarter trading update from the bank this week suggested that conditions at Metro had stabilised since it clinched a £925 million rescue deal last month.
While deposit withdrawals increased in early October, when fears escalated about Metro’s financial health, the bank said on Tuesday that “daily flows have returned to more normal ranges” since it announced an emergency refinancing on October 8.
Yet the bank gave no details of the scale of the outflows it suffered last month before the fundraising was agreed, or a figure for where its deposit levels stood now. Instead, it said deposits had amounted
