19.58%
US PRIVATE equity giant Carlyle yesterday confirmed it walked away from talks to buy
News that Carlyle had dumped the talks sparked speculation in the City that another suitor could come in for the ailing bank.
However, that take did not chime with City analysts, who dismissed the lender's prospects under its current ownership structure, with Liberum predicting it would be loss making.
"Management of Metro bank highlight that they strongly believe in the standalone strategy and future prospects of the bank," Shailesh Raikundlia, an analyst at Liberum, said. "However, we continue to believe that the business model is challenged and expect the group to be loss making throughout our forecast period."
Analysts at Goodbody predicted news of the tie up breaking down would trigger "significant selling pressure" and markets unduly delivered.
(c) 2021 City A.M., source