A close-up of a sign of Britain’s Metro Bank.
Matthew Horwood | Getty Images
LONDON — Shares of Britain’s Metro Bank were briefly suspended from trading twice early Thursday, in a volatile session that saw the stock shed more than 29% from the Wednesday close.
They have since slightly pared losses.
The halts followed reports that the bank was trying to raise £600 million ($727 million) in debt and equity, according to Reuters.
This is a breaking news item and is being updated.
Source link: https://www.cnbc.com/2023/10/05/uks-metro-bank-shares-suspended-multiple-times-after-plunging-more-than-25percent.html