Metro Bank Share Discussion Threads

[bargainbob] 11/3/2020 08:16

You buying Mr C

[chinese investor] 11/3/2020 08:15

Just look at that rise !

[paul planet earth] 11/3/2020 08:13

LMFAO hitting 5%

[cantrememberthis2] 11/3/2020 08:11

Some up Shot
Term Funding Scheme to offer four-year funding at or very close to Bank Rate.

Published on 11 March 2020
When interest rates are low, it is likely to be difficult for some banks and building societies to reduce deposit rates much further, which in turn could limit their ability to cut their lending rates. In order to mitigate these pressures and maximise the effectiveness of monetary policy, the TFSME will, over the next 12 months, offer four-year funding of at least 5% of participants’ stock of real economy lending at interest rates at, or very close to, Bank Rate. Additional funding will be available for banks that increase lending, especially to small and medium-sized enterprises (SMEs).
The TFSME will:
help reinforce the transmission of the reduction in Bank Rate to the real economy to ensure that businesses and households benefit from the MPC’s actions;
provide participants with a cost-effective source of funding to support additional lending to the real economy, providing insurance against adverse conditions in bank funding markets;
incentivise banks to provide credit to businesses and households to bridge through a period of economic disruption; and
provide additional incentives for banks to support lending to SMEs that typically bear the brunt of contractions in the supply of credit during periods of heightened risk aversion and economic downturns.

Reduced Buffer Too :)

FPC releases the UK Countercyclical Capital Buffer
To support further the ability of banks to supply the credit needed to bridge a potentially challenging period, the Financial Policy Committee (FPC) has reduced the UK countercyclical capital buffer rate to 0% of banks’ exposures to UK borrowers with immediate effect. The rate had been 1% and had been due to reach 2% by December 2020.

The release of the countercyclical capital buffer will support up to £190 billion of bank lending to businesses. That is equivalent to 13 times banks’ net lending to businesses in 2019. Together with the TFSME, this means that banks should not face obstacles to supplying credit to the UK economy and to meeting the needs of businesses and households through temporary disruption.

[bargainbob] 11/3/2020 08:11

Just trying to get idofly to close that £1000 p short .

[cantrememberthis2] 11/3/2020 08:11

Some up Shot
Term Funding Scheme to offer four-year funding at or very close to Bank Rate.

Published on 11 March 2020
When interest rates are low, it is likely to be difficult for some banks and building societies to reduce deposit rates much further, which in turn could limit their ability to cut their lending rates. In order to mitigate these pressures and maximise the effectiveness of monetary policy, the TFSME will, over the next 12 months, offer four-year funding of at least 5% of participants’ stock of real economy lending at interest rates at, or very close to, Bank Rate. Additional funding will be available for banks that increase lending, especially to small and medium-sized enterprises (SMEs).
The TFSME will:
help reinforce the transmission of the reduction in Bank Rate to the real economy to ensure that businesses and households benefit from the MPC’s actions;
provide participants with a cost-effective source of funding to support additional lending to the real economy, providing insurance against adverse conditions in bank funding markets;
incentivise banks to provide credit to businesses and households to bridge through a period of economic disruption; and
provide additional incentives for banks to support lending to SMEs that typically bear the brunt of contractions in the supply of credit during periods of heightened risk aversion and economic downturns.

Reduced Buffer Too :)

FPC releases the UK Countercyclical Capital Buffer
To support further the ability of banks to supply the credit needed to bridge a potentially challenging period, the Financial Policy Committee (FPC) has reduced the UK countercyclical capital buffer rate to 0% of banks’ exposures to UK borrowers with immediate effect. The rate had been 1% and had been due to reach 2% by December 2020.

The release of the countercyclical capital buffer will support up to £190 billion of bank lending to businesses. That is equivalent to 13 times banks’ net lending to businesses in 2019. Together with the TFSME, this means that banks should not face obstacles to supplying credit to the UK economy and to meeting the needs of businesses and households through temporary disruption.

[tomboyb] 11/3/2020 08:09

The Bank of England has announced an emergency cut in interest rates to shore up the economy amid the coronavirus outbreak.

Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history.

And the banks go up -

lol

[paul planet earth] 11/3/2020 08:08

Spartan's will be dining at a motorway greasy spoon cafe today!

[bargainbob] 11/3/2020 08:08

Oh yes you buying or selling Mr Chinese Investor.

[paul planet earth] 11/3/2020 08:02

LMFAO..it goes green..Babadook stuffed with butt plug!..Unfortunately the Babadook inadvertently wondered into an inner London borough notorious for teenage gangs and muggings.

[sentimentrules] 11/3/2020 08:01

Going 5700 today..QE in so early. Slaughter

[paul planet earth] 11/3/2020 07:55

Idontfly..stand corrected BBC reported on news 0.25% at 07.00am on their website now as 0.5% cut..lol

[tomboyb] 11/3/2020 07:54

MTRO will suffer today unfortunately -

Big falls in all banks today -

[amaretto1] 11/3/2020 07:52

U have a bar of chocolate ...It costs 10p .....u can sell it for 10pYour rent is 100 squids a week !Conclusion + outcome ?

[idoflykathy] 11/3/2020 07:49

PPE clearly can not read!
SR and Smartie - don't you think thee stimulus packages will cause a rally today?

[amaretto1] 11/3/2020 07:48

R u thick ?

[make_some_noise_4_dartford_boys] 11/3/2020 07:47

The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak.
Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history.

[make_some_noise_4_dartford_boys] 11/3/2020 07:47

PPE

Kathy is right

From 0.75% to 0.25%

So 50 points

[paul planet earth] 11/3/2020 07:45

Idontfly its 0.25% rate cut...Smartie where were you in 2008 this crazy its peanuts!

[bargainbob] 11/3/2020 07:44

Companies do not need to do it though Smartie .

[smartie6] 11/3/2020 07:38

They’ll reduce the capital support levels of insurance companies to get them to invest in the market!!!!!!! Wow, really.

[smartie6] 11/3/2020 07:37

This is going to be one hell of a day SR.
Get ready for crazy stimulus packages later. They’re plunging the uk into poverty to support SMEs and the market. It’s crazy maths. When this move is analysed. OMG.

[idoflykathy] 11/3/2020 07:36

BOE cut base rates by 0.5%.
IDOFLY DECLARED YESTERDAY - £1,000PP SHORT AT 115p on METRO BANK.
PREPARE FOR GLORY!!!!

[sentimentrules] 11/3/2020 07:32

Crunah time smartie