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Sunday, October 8, 2023

JPMorgan Chase opted out of bid for Metro Bank

JPMorgan Chase contemplated a potential bid for Metro Bank but ultimately decided against it due to the substantial additional capital requirements for a new buyer. Metro Bank, facing financial challenges after past setbacks, rejected takeover offers from Shawbrook and explored equity injection and debt restructuring with bondholders.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eE1uL9a

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