imutual.co.uk

Largely agree with both previous posts.

Like any speculative purchase, the prospect for a juicy gain is matched by the possibility of being wiped out. Metro Bank may well have been oversold but I think the upside from takeover is small - would anyone actually want to buy it? I can see the BoE brokering an orderly transition of customer accounts leaving a shell containing just the branches. Perhaps given the capital requirements on banks, there some break-up value.

parchedpeas wrote: ↑

Thu Feb 27 2020 2:10pm

I can't remember the last time I went into a bank branch. And I can't imagine the next time I'll need to. So I just can't see this company being anything other than toast, long term.

There speaks a man who may have never had an issue that wasn't better resolved with a face to face conversation... Service is still king but that maybe hard to realise until you need it!