Metro Ready to Cash in on Demand
Friday, September 10, 2010 18:18Posted in category Banking and Finance
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Metro bank may rise more capital in order to accelerate its branch openings in the UK. Investors in Metro include blue-chip fund managers like Fidelity, plus wealthy individuals, such as the Reuben brothers in the UK and the New York-based property developmer—Richard LeFrak.
Observers believes that the new bank, which was created by the American billionaire Vernon Hill, could get funding of up to GBP 30 million or more on the top of the GBP 75 million it had in the bank when it opened in July.
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