Troubled UK Lender Metro Bank Seeks Investors as Regulators Monitor Situation

Metro Bank's share price has plummeted and it is seeking to raise £600 million to strengthen its finances.
The bank is considering options like selling assets and issuing new shares to raise capital.
Metro Bank has contacted rival lenders about potentially buying some of its mortgage assets.
The Bank of England and other regulators are monitoring Metro Bank and have been in discussions with management.
Metro Bank says customer deposits remain protected by UK guarantees.