Metro Bank Loses £130m After Disastrous Year

Metro Bank Loses £130m After Disastrous Year

Metro Bank (MTRO.L) swung to a huge loss last year as it battled a loan miscalculation fiasco that upended the business. Metro Bank said on Wednesday it made a loss of £130.8m ($170m) last year, compared with a profit of £40.6m in 2018. The bank blamed a £88m write-down of assets, including millions of costs … Read more