"Goldman Sachs builds up 8.5 per cent voting rights in Metro Bank"

From City AM, March 2:

Goldman Sachs has built up 8.48 per cent voting rights in troubled British lender Metro Bank, according to regulatory filings.

Metro Bank’s share price has collapsed almost 90 per cent since early 2019, when it disclosed an almost £1bn accounting error. 

Read more: Metro Bank to revoke private jet access for new chair after year of turmoil

The challenger bank plunged to a £131m loss last year following the scandal, which also claimed the scalps of its chief executive and chairman, and has been widely touted as a possible takeover target.

Goldman has built up 6.18 per cent in Metro Bank voting rights attached to shares, and a further 2.30 per cent through financial instruments, leaving it with a total of 8.48 per cent, according to Metro’s regulatory filings. ...MORE