uk’s-metro-bank-shares-suspended-multiple-times-after-plunging-more-than-25%
Finance

UK’s Metro Bank shares suspended multiple times after plunging more than 25%

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: www.cnbc.com