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Challenger bank also reviews policy of branches opening seven days a week
More than 90% of UK high street lender’s shareholders vote in favour of cash call
Challenger banks face disadvantages over calculation of required capital buffers
Challenges remain for the challenger, despite this week’s refinancing deal
Jaime Gilinski won control of UK challenger bank after a deal to shore up its balance sheet
There is a fine balance between supporting competition and limiting risks in the banking sector
There are consequences for both borrowers and savers
Creditors will take a 40% haircut on investments as part of the package
Jaime Gilinski Bacal tells the FT he has a record of buying assets in the sector cheaply and turning them around
Plus, ExxonMobil’s potential shale mega-deal and the legal battle dividing a banking dynasty
UK challenger bank announces £325mn capital raise and £600mn of debt refinancing
It’s not Northern Rock, but it’s in a hard place
Some of Metro’s bondholders are separately pursuing a proposal for a capital injection
Shawbrook remains interested in UK high street lender despite rebuffed offer
The UK high street lender is on the hunt for £600mn to shore up its balance sheet
Group made proposal after bank suffered setback in effort to secure regulatory relief on mortgage business
With an expensive branch network, more scale is needed to get overheads down
Plus, the dealmaking drama dividing a biotech firm
UK challenger bank’s shares fall almost 30% after reports it is seeking to raise up to £600mn from investors
UK lender’s shares have plunged 50% in recent weeks
UK challenger lender has spent years seeking approval to use internal models to cut charges
UK high street lender plans to open 11 new branches in north of England, bucking trend to slash networks
The bank has spent the past three years licking self-inflicted injuries
Financial Conduct Authority censures two former top executives at lender
Titles such as the Evening Standard struggle to bounce back from pandemic as working from home endures and costs rise
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