trending Market Intelligence /marketintelligence/en/news-insights/trending/W8bIsc_WezrjSNpFGWU69A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Metro Bank investor cuts stake for 4th time in over a week

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Metro Bank investor cuts stake for 4th time in over a week

U.S. hedge fund tycoon Steve Cohen, one of Metro Bank PLC's biggest investors, reduced his stake in the lender for the fourth time in just over a week.

Cohen's CPV Metro Investment LLC further reduced its stake in the U.K. challenger bank to 5.81% from 6.46%, according to a Dec. 5 filing.

The U.S.-based hedge fund manager held a 9.86% stake in the company, which he reduced to 8.55% on Nov. 26 and subsequently to 7.55% and 6.46%.

The bank saw a sharp fall in its stock price in 2019 after it revealed that it had miscategorized some of its commercial loans and the capital it needed to hold against them.

Metro Bank CEO Craig Donaldson and Chairman Vernon Hill are stepping down amid the bank's troubles.

The bank had reported a 71% year-over-year fall in underlying profit before tax to £11.3 million in the nine months to Sept. 30.