Metro Bank Share Discussion Threads

[sentiment riles] 10/5/2021 20:17

Anyone see Rackers since 2+ years ago? he went short on TSLA.

[sentiment riles] 10/5/2021 19:48

the theory is, if i go down with this ship, all my friends come with me

[sentiment riles] 10/5/2021 19:47

Just so you all know, bought mtro today at 115

Im all buys now. never shorting again. Mugs game

[sentiment riles] 10/5/2021 19:45

TSLA down 30% soo far on year high. Not bad in a few week window

Wont be long now, record highs again

I just bought some

In at 637. bargain

[sentimental rules] 10/5/2021 19:35

SymeHahahahahahahahahahahahahahahahaTotal loon

[sentiment riles] 10/5/2021 18:55

Going to be a massive short position by the buyers, forcing the shorters to buy on the short call giving into an astounding rise to the biggest short of all

[sentiment riles] 10/5/2021 18:53

SYME from next week, is a short. Or massive sell. i wouldnt hold on to it now

[spastics attack] 10/5/2021 18:53

A "Cracking" good 👍 investment SYME turned out for you 👏 👍 👌 😀 😳 ...another poke in the eye!

[spastics attack] 10/5/2021 18:51

Your SYME investment doing really well Sentiment Riles down another 👏 🙄 3.5%...well done Chief Gerbil!

[sentiment riles] 10/5/2021 17:26

Must have been the worst 2% rise i ever saw

Frumkin was great

Im converted

Its a buy

[zaxarobal] 10/5/2021 16:57

What asset class do you suggest in the event of hyperinflation and/or financial system crash?

[sentimental rules] 10/5/2021 16:26

shorters at 55p in a right hole

lol

[sentimental rules] 10/5/2021 16:18

fag anyone ?

[sentiment riles] 10/5/2021 16:03

of course BD

They are already booked

[crazi] 10/5/2021 15:26

Yes - shorters really enjoy prices going up... DOH Climb back in your hole... lol

[sentimental rules] 10/5/2021 15:08

sr cant talk

hes errr balls deep


blessssssssssssssssssssssss

[ball deap] 10/5/2021 15:03

Hi sr, pls save a rentboy for me !!!! It's going to be good for us !!!!

[sentiment riles] 10/5/2021 13:16

Morning all. Was a good one here

odey says thanks

[sentiment riles] 10/5/2021 13:15

Shorters enjoying that morning rise it seems

[crazi] 10/5/2021 12:23

Use some of the Mortgage sale income and start a "share buy back scheme"

Email and tell them to raise the question at the up coming AGM...

[e-mail]

That will also bring in new Investors and raise the exposure which is what is needed here. They have the results after a "strong quarter" but need exposure...

[crazi] 10/5/2021 11:48

Metro Bank calls for looser rules on small banks to aid UK recovery

Chief executive Daniel Frumkin urges regulators to seize on ‘unique moment’ to boost competition

Challenger banks’ share of lending to small businesses fell from 48% to 31% last year as the government relied mainly on big banks for its emergency loan schemes

Metro Bank’s chief executive has urged regulators to take advantage of a “unique moment” to boost competition by loosening rules for small banks, warning that the sector’s current weakness will hamper the UK’s recovery from the coronavirus crisis.

“If we really want the economy to boom then we’re going to have to figure out a way to create more competition in banking,” Daniel Frumkin told the Financial Times.

He said bankers needed to do a better job of arguing that reform would help the wider economy by improving credit availability and reducing the “loyalty penalty” faced by customers who rarely switch providers.

“This is an issue that affects everyone, and it’s more pressing at the moment as we’re on the precipice of what I hope will be a huge [small business] boom that will help the economy bounce back better — so not fixing the roadblocks to a more competitive landscape has a clear economic impact,” Frumkin said.

A report published on Monday by the Social Market Foundation, a cross-party think-tank, said the market for personal current accounts was more concentrated than before the 2008 financial crisis, and warned that the pandemic had exacerbated some of the issues because it had led to a decline in switching rates.

Challenger banks’ share of lending to small businesses also fell from 48 per cent to 31 per cent last year, as the government mainly relied on big banks to help design and implement its emergency loan schemes.

Richard Davies, chief executive of business-focused challenger bank Allica, said the pandemic threatened to reverse some of the gains made over the previous decade. “Post-Covid and post-Brexit, this has to be the year to make progress but I’m not convinced it’s got enough senior government attention right now,” he added.

Executives across the UK banking sector have been stepping up their public and private lobbying efforts in recent months ahead of a series of key regulatory reviews.

The Bank of England’s Prudential Regulation Authority is reviewing its approach to “minimum requirements for own funds and eligible liabilities”, or MREL, which force banks to issue expensive loss-absorbing debt when they reach a certain size.

In the UK, the requirement kicks in much earlier than equivalent rules in the EU and US, which bankers say creates a serious barrier to growth and discourages investment. The PRA is also discussing broader changes to “simplify̶1; rules for non-systemic lenders in the wake of Brexit.

Meanwhile, an independent board led by former Standard Life Aberdeen chief Keith Skeoch is reviewing “ringfencing” rules that were designed to improve stability at the largest banks but have hit profitability at smaller lenders. A cross-party group of MPs is also running an inquiry into post-Brexit regulatory reform with a focus on challenger banks.

Frumkin has eschewed the limelight since taking charge of Metro Bank last year, unlike the bank’s former leadership team, which was forced out after a misreporting scandal in 2019. However, he said he had chosen to “put my head above the parapet” because of the rare window of opportunity for changes.

“If the [BoE] comes to a conclusion that isn’t helpful for competition that’s probably the answer for a number of years . . . It will be another five to 10 years before they revisit.”

[cantrememberthis2] 10/5/2021 06:54

Metro Bank in FT