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ACCRA, Ghana — Illegal small-scale gold mining in Ghana has been linked with the destruction of the environment and illness. A protest in Accra, Ghana, demanding government action on illegal gold mining. Yaw Amoafo, who owns several small gold mines employing 20 to 30 people each, said public anger at galamsey mining has forced him to cease operations. He added that he feared the government would introduce a short-term ban on small-scale mining, like the one it implemented in 2017. Earlier this year it opened the government-backed Royal Ghana Gold Refinery, with the intent of getting it accredited by the LBMA.

Persons: galamsey, Nana Akufo, Nipah Dennis, Cristina Aldehuela, Addo, Yaw Amoafo, “, ”, Amoafo, Eddie James Richmond, Neil Harby, Harby, Francis Kokoroko, Swissaid Organizations: West, Water Resources Commission, Getty, Ghana’s Ministry of Land, Resources, Ghana Water Ltd, International Institute for Strategic Studies, Watch, Ghana’s Minerals, International Monetary Fund, Sahara Royal Gold Refinery, London Bullion Market Association, Reuters, State Department, Royal, Royal Ghana Gold Refinery Locations: ACCRA, Ghana, Accra, ”, AFP, Cape Coast, Pra, Kibi, London, U.K, South Africa, Africa, Switzerland, Mali, Zimbabwe, Royal Ghana

☆ Revolut clinches UK banking license, ending three-year wait
▼ + stars: | 2024-07-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. British fintech startup Revolut said on Thursday that it had received a banking license with restrictions from the U.K.'s Prudential Regulation Authority, bringing to an end a three-year wait. The London-headquartered firm now has time to build up its U.K. banking infrastructure and operations ahead of officially launching. Revolut first applied for its banking license in 2021, but it has faced lengthy delays. A U.K. banking license will allow Revolut to take customer deposits and also issue products like loans and credit cards.

Persons: Francesca Carlesi, Revolut, Revolut's financials, — CNBC's Ryan Browne Organizations: Prudential, Authority, Barclays, CNBC Locations: Krakow, Poland, British, London, U.K

☆ Citi fined $79 million by British regulators over fat-finger trading and control errors
▼ + stars: | 2024-05-22 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. "Firms involved in trading must have effective controls in place in order to manage the risks involved. The regulators said that certain system and control issues persisted during the probe period and led to trading incidents, such as so-called fat-finger trading blunders. "Deficiencies in CGML's trading controls contributed to this incident, in particular the absence of certain preventative hard blocks and the inappropriate calibration of other controls," the statement read. "We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance."

Persons: Sam Woods Organizations: CitiBank, LONDON, Citi, Prudential, Authority, Financial, Citigroup Global Markets, prudential, CNBC Locations: Manhattan, New York City

☆ Citigroup fined for almost dumping $189 billion into European markets by accident
▼ + stars: | 2024-05-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +1 min

London CNN —UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets. Without that discount, the combined fine would have topped £88 million ($112 million). The Bank of England highlighted an incident in May 2022 when one of the bank’s “experienced” traders sold $1.4 billion worth of stocks on European exchanges in error. Citigroup’s systems blocked $255 billion of that, meaning that $189 billion was sent to its trading platform for sale “over the rest of the day.” In total, $1.4 billion worth of stocks was sold before the trader canceled the transaction. Following the incident, Citigroup has taken steps to “improve and strengthen” the security of its trading systems, the central bank said.

Persons: ”, Sam Woods Organizations: London CNN —, Citigroup, Financial Conduct Authority, Bank of England’s Prudential, Authority, Bank of England, FCA, “ Locations: ”

CNN —Former President Donald Trump was dealt two major setbacks Thursday in his efforts to derail the criminal cases against him, with judges in the Georgia election interference case and in the federal classified documents case both rejecting bids by the presumptive 2024 GOP presidential nominee to have those cases thrown out. Trump has made similar presidential immunity arguments in the Georgia case and in the classified documents case. She wrote that prosecutors “make no reference to the Presidential Records Act” in the indictment against Trump and did not “rely” on the statute to bring charges. McAfee’s ruling is the latest step inching the state racketeering case against Trump forward. McAfee’s refusal to scrap the indictment comes as the free speech defense has repeatedly fallen short in pretrial wrangling in election meddling cases.

Persons: Donald Trump, Fani Willis, Jack Smith, –, Trump, Aileen Cannon, “, Cannon, ”, Scott McAfee, Willis, ” McAfee, McAfee, Tanya Chutkan, Steve Sadow, Smith, Trump’s Organizations: CNN, Trump, White, Records, Presidential, Circuit, Peach State, McAfee, National Archives, Prosecutors Locations: Georgia, Fulton County, New York, York, Washington ,, Florida, Atlanta, Peach

If she does not course-correct, she’s headed for another shellacking by the circuit – and possible removal from the case. That statute outlines the parameters between a president’s official and personal records, and sets up processes for how official documents are preserved. If this were true, the mere fact that Trump took the documents with him from the White House would inherently turn them into personal records. Importantly, Smith asked Cannon to let both parties know “promptly” how she viewed the law. Ejecting her from the case would be extremely unusual and Smith does not mention seeking it in his papers.

Persons: Norman Eisen, Trump, Danya Perry, Perry Guha, Joshua Kolb, Jack Smith, Donald Trump’s, Smith, Aileen Cannon, Donald, Cannon, she’s, counterarguments, Cannon’s, ”, fashioning, “ Organizations: Democrats, Brookings, New, Public, CNN, Appeals, Circuit, Trump, Records, National Archives, Records Administration, White Locations: Lago, Bedminster , New Jersey

☆ Prosecutors fire warning shot after Florida judge's 'flawed' order in Trump criminal case
▼ + stars: | 2024-04-03 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Prosecutors in Trump's classified documents fired back at Judge Aileen Cannon. Jack Smith's team says her order for jury instructions was "fundamentally flawed." In their response, prosecutors raised the prospect of taking her order to a higher court to stop it. AdvertisementIt's also rare for jury instructions to be discussed so early on the process — especially without a trial date even set, according to the outlet. Federal prosecutors with special counsel Jack Smith's office responded late Tuesday night, saying Cannon's order rested on a "fundamentally flawed legal premise."

Persons: Aileen Cannon, Jack Smith's, —, Donald Trump's, Cannon, Trump Organizations: Service, Prosecutors, Trump, Presidential Records, Washington Post Locations: Trump's, United States

☆ How legal fights and stalling by judge could push Trump documents trial after election
▼ + stars: | 2024-04-03 | by ( Tierney Sneed | Hannah Rabinowitz | ) edition.cnn.com time to read: +12 min

The longer it takes for Cannon to decide these issues, the more likely a trial would need to wait until after the November presidential election. But Cannon’s critics view the pace of the Trump prosecution with added suspicion because of how she handled a separate, 2022 lawsuit Trump brought attacking the FBI’s documents investigation. In that lawsuit, Cannon granted an extraordinary Trump request for a third-party review of the FBI’s 2022 search of his Mar-a-Lago resort for the classified documents. Now, critics accuse Cannon of – purposely or not – playing into Trump’s strategy of delaying the trial until after the election. Hours after the hearing, Cannon rejected Trump’s first claim, that the national defense law he is charged under was too vague.

Persons: Donald Trump, Aileen Cannon, Cannon, Prosecutors, Jack Smith, ”, Smith, Alan Rozenshtein, “, Trump, –, Barbara McQuade, Obama, ” McQuade, won’t, nudges, doesn’t, McQuade, Southern District of Florida Aileen Cannon, Lothar Speer Cannon, ” David Aaron, ” Aaron, Aaron, CIPA, they’re, that’s, Mark Schnapp, Trump’s, Rozenshtein, Cannon “, Judge Cannon’s Organizations: CNN, Trump, University of Minnesota Law School, Justice Department, Biden White, University of Michigan Law School, US, Court, Southern, Southern District of, DOJ, DOJ National Security, Presidential, National Archives, ” Prosecutors, White Locations: Southern District, Southern District of Florida, Florida

☆ Special counsel blasts judge’s jury instruction request in Trump documents case
▼ + stars: | 2024-04-02 | by ( Hannah Rabinowitz | Tierney Sneed | ) edition.cnn.com time to read: +5 min

In an unusual order last month, Cannon asked attorneys on the classified documents case to submit briefs on potential jury instructions defining terms of the Espionage Act, under which Trump is charged over mishandling 32 classified records. Specifically, Cannon asked the special counsel and defense attorneys to write two versions of proposed jury instructions. Trump’s attorneys claim he did have that authority and have asked the judge to throw out the criminal charges. “Medical science has not yet devised an instrument which can record what was in one’s mind in the distant past,” Trump’s attorneys wrote. Cannon appeared skeptical that the charges should be outright dismissed during the hearing, but she said that Trump’s attorneys were making “forceful” arguments that may be appropriate to present to a trial jury.

Persons: Aileen Cannon, Donald Trump, Jack Smith, ” Smith’s, Cannon, Trump, ”, ’ Organizations: CNN, Presidential Records, White, ”, “, Prosecutors, Trump, National Archives, Mar Locations: Lago

☆ Judge in classified documents case grapples with how Trump’s personal records claim could be explained to a jury
▼ + stars: | 2024-03-18 | by ( Hannah Rabinowitz | Katelyn | ) edition.cnn.com time to read: +4 min

I don’t understand where she is going with this order,” Brad Moss, a national security lawyer, told CNN on Monday. Part of the law under which Trump is charged criminalizes a person having unauthorized possession of records related to national defense. Still, the judge asked prosecutors and defense lawyers to write versions of their proposed jury instructions that consider the PRA by April 2. “Engage with the following competing scenarios and offer alternative draft text that assumes each scenario to be a correct formulation of the law to be issued to a jury,” Cannon wrote on Monday. The second scenario would assume that as president, Trump had complete authority to take records he wanted from the White House under the PRA.

Persons: Aileen Cannon, Donald Trump’s, Trump, – Cannon, Cannon, wouldn’t, Brad Moss, “, ” Moss, she’s, ” Cannon, Moss Organizations: CNN, Justice Department, Department, “, White House, National Archives Locations: Trump’s

☆ Live updates: Trump classified documents case hearing in Florida
▼ + stars: | 2024-03-14 | by ( Dan Berman | Elise Hammond | ) edition.cnn.com time to read: +2 min

Eva Marie Uzcategui/Bloomberg/Getty ImagesA Florida judge overseeing the case against former President Donald Trump's handling of classified documents has set apart an entire day on Thursday to hear arguments on whether the case should be thrown out. His lawyers are expected to argue that Trump had presidential classification powers. Trump has claimed before that he was abiding by the relevant law, the Presidential Records Act, by engaging in a post-presidency negotiation with the National Archives and Records Administration about returning documents. The law simply says that when a president leaves office NARA assumes control of all presidential records. I do not understand what the former president is referring to when he mentions a process of negotiation with NARA."

Persons: Donald Trump, Eva Marie Uzcategui, Donald Trump's, Trump, Jason R, ” Timothy Naftali, Richard Nixon Organizations: Bloomberg, Getty, Records, National Archives, Records Administration, NARA, Trump, University of Maryland, Trump White House, CNN, New York University Locations: Mar, Lago, Florida, United States

☆ Takeaways from the hearing on Trump’s attempt to dismiss the mishandling classified documents charges
▼ + stars: | 2024-03-14 | by ( Tierney Sneed | Hannah Rabinowitz | ) edition.cnn.com time to read: +5 min

Before the judge were two of the nine motions to dismiss that the defendants have filed in the case. “It’s difficult to see how this gets you to the dismissal of an indictment,” the judge told Trump’s attorney Todd Blanche. Cannon said some of Trump’s concerns should be up to the juryThe judge repeatedly said Thursday that some of Trump’s arguments are best suited for a jury to decide during his eventual trial. Reagan’s journals were more akin to “personal records” as defined under the Presidential Records Act, they said. In Clinton’s case, the tapes were never reviewed and therefore never confirmed to contain classified information.

Persons: Aileen Cannon, Donald Trump, Trump, Cannon, Emile Bove, Bove, ” Cannon, “, ”, Todd Blanche, Reagan, Clinton, Biden, Ronald Reagan, Bill Clinton, Joe Biden’s, wasn’t, Jack Smith’s, Robert Hur’s, Jay Bratt Organizations: Pierce , Florida CNN, Presidential, White, Trump, Department, Presidential Records Locations: Pierce , Florida, Lago

Judge Aileen Cannon, who is overseeing the case, has set apart an entire day to hear arguments on whether the prosecution should be thrown out on the basis of Trump’s claims about his presidential classification powers. Trump is facing dozens of charges related to his alleged mishandling of classified documents, and for obstructing the Justice Department’s investigation. As president, defense attorneys argue, Trump was the chief classification officer and could mark any documents as “personal” and legally take those documents with him when he left office. Their arguments cite the Presidential Records Act, the federal law that governs how documents from an outgoing presidential administration are handled. The PRA says the moment a president leaves office, the National Archives and Records Administration gets custody and control of all presidential records from their administration.

Persons: Donald Trump, Jack Smith, Trump, Aileen Cannon, Cannon, –, Joe Biden’s, Department’s, I’m, “ Organizations: CNN, FBI, Records, National Archives, Records Administration, Presidential Records, Trump

☆ Fintech Griffin just secured full regulatory approval. Here's the 12-slide pitch deck it used to raise $24 million as a fully-fledged bank.
▼ + stars: | 2024-03-11 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

British banking-as-a-service fintech Griffin has raised new funding after receiving regulatory approval to be a fully operational bank. The market is god awful, so not having to do a down-round, with outside investors coming in, is the best outcome." Griffin has raised £19.1 million, around $24 million, in a funding round led by MassMutual Ventures, NordicNinja, and Breega, with participation from Notion Capital, EQT Ventures, DG Daiwa and CircleRock. "We are hiring, but unlike earlier rounds, we aren't going on a hiring blitz, as we did the hiring for this round before the round closed. We were about to be a fully operational bank, so we needed operations roles," Jarvis added.

Persons: fintech Griffin, Griffin, David Jarvis, Allen Rohner, Jarvis, We've Organizations: Business, Prudential, Authority, Financial, MassMutual Ventures, NordicNinja, Notion, EQT Ventures, DG Locations: London

☆ Every celebrity and tech exec spotted at the Super Bowl, from Taylor Swift to Elon Musk
▼ + stars: | 2024-02-12 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

Read previewFootball stars and Taylor Swift weren't the only A-listers making headlines at the Super Bowl. AdvertisementAlicia Keys and Usher perform onstage during the Apple Music Super Bowl LVIII Halftime Show at Allegiant Stadium. Beyoncé — who dropped two new songs in the middle of the Super Bowl — joined her family later to catch the game. Taylor Swift and Lana Del Rey attend Super Bowl LVIII between the Kansas City Chiefs and the San Francisco 49ers at Allegiant Stadium. Elon Musk looks on prior to Super Bowl LVIII between the San Francisco 49ers and Kansas City Chiefs at Allegiant Stadium.

Persons: —, Taylor Swift, Swift —, Travis Kelce, Swift, Spice, Blake Lively, Kevin Mazur, Usher, Alicia Keys, Jermaine Dupri, will.i.am, Lil Jon, Ethan Miller, Reba McEntire, Post Malone, Andra, Blue Ivy Carter, Rumi Carter, Beyoncé —, Bowl —, Ivy Carter, Jay, Justin, Hailey Bieber, Kendall Jenner, Khloé Kardashian, Ciara, Russell Wilson, Kendall, lado, Kardashian, Justin Bieber, helton, alf, uring, ady G aga, ady, aga, hird, J ames, raymond G reen, ames,, raymond G reen, Organizations: Service, Super, San Francisco 49ers, Kansas City Chiefs, Chiefs, 49ers, Business, Apple Music, Post, Bowl, Denver Broncos Locations: Las Vegas, Tokyo

☆ HSBC fined $73 million for 'serious failings' in UK deposit protection
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +1 min

HSBC has been fined 57.4 million pounds ($73 million) for "serious failings" in protecting some depositors over several years, in the first penalty of its kind under British rules designed to protect customers if banks fail. This is the second largest fine ever imposed by the PRA, topped only by an 87 million pound penalty on Credit Suisse in July 2023. "The serious failings in this case go to the heart of the PRA's safety and soundness objective," said Sam Woods, deputy governor of the Bank of England and CEO of the PRA. Globally systemically important banks -- such as HSBC and UBS -- are required to plan for resolution, which should allow regulators to unwind them without triggering broader systemic consequences. Britain's deposit protection rules require lenders to ensure critical information is held in order for the FSCS to compensate customers if a firm fails.

Persons: Sam Woods, BoE Organizations: HSBC, of England's Prudential, Authority, Britain's Financial, Credit Suisse, Bank of England, UBS

☆ Trump admits ‘various people’ saw ‘papers and boxes’ brought from White House
▼ + stars: | 2023-11-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Trump has pleaded not guilty in the case, arguing that he had the right to take whatever he wanted from the White House. On Friday, Trump went a step further and acknowledged that "various people" in and around the club saw the "papers and boxes" that he took with him, which prosecutors say contained 1,545 pages of classified material. that were openly and plainly brought from the White House, as is my right under the Presidential Records Act," Trump posted on social media. "Under the PRA, the official records of the President and his staff are owned by the United States, not by the President," the site says. The Archives is required under the law to take custody of these records when a president, including Trump, leaves office.

Persons: Donald Trump, Trump, Aileen Cannon Organizations: White, Presidential Records, Records, United, NARA, Trump, Washington , D.C Locations: Florida, United States, Lago, Washington ,

☆ Wacky, Curvaceous Houses in Brazil That Feel Like Cocoons
▼ + stars: | 2023-11-08 | by ( Michael Snyder | Ana Topoleanu | ) www.nytimes.com time to read: +1 min

AS THE WAR in Europe ended, Zalszupin moved from Bucharest to Prague to Paris; his first job was working on the reconstruction of the port in Dunkirk, France. Conditions were terrible. In 1949, he arrived in Rio de Janeiro with $500, a suitcase full of French perfume that he planned to sell until he found work and a calling card for Lucjan Korngold, a fellow Polish Jew who’d fled to Brazil during the war and established his own architecture firm in São Paulo. From 1950 to 1958, Zalszupin worked with the older architect on structures largely defined by their hard angles and muscular volumes. He brought those ideas to his own São Paulo-based practice, Prumo, which he ran with José Gugliotta until 1986.

Persons: Zalszupin, ”, “, he’d, Brazil’s, Korngold, who’d, José Gugliotta Organizations: AS THE, Paulo Locations: Europe, Bucharest, Prague, Paris, Dunkirk, France, Rio de Janeiro, Polish, Brazil, São Paulo

☆ Bonus cap axed for UK bankers means unlimited payouts again
▼ + stars: | 2023-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The UK has abandoned a cap on bankers’ bonuses, in its latest push to boost the competitiveness of London’s financial industry following Brexit. “A bonus cap is not routinely imposed in other leading international financial centers outside the EU,” the regulator added, noting that the cap had been identified as “a factor in limiting labor mobility.”The UK government has long been opposed to the cap and believes that lifting it will help shore up London’s position as an international financial hub. Brexit made access to Europe’s vast market for financial services more difficult and costly for UK-based banks, and London has lost some business to cities such as Paris, Frankfurt and Amsterdam. Britain’s financial regulators have since echoed these concerns and the PRA said Tuesday that scrapping the cap would better align pay with performance. The UK government has come under increasing pressure to deliver post-Brexit benefits for London, the center of Britain’s hugely important financial services sector.

Persons: “, “ We’re, — Organizations: London CNN, European Union, Prudential, Authority, EU, UK Finance, London, ARM Locations: London, Paris, Frankfurt, Amsterdam, ”, New York

[1/2] Chairman Anthony Thomson (L) and Vice Chairman Vernon Hill pose with a dog outside the first branch of Metro Bank in Holborn in central London July 29, 2010. Metro declined to comment on Tuesday. A Starling spokesperson said the lender was making inroads into the big banks' market dominance. Metro is not the only smaller bank to have faced problems. One option is for smaller banks to gain scale through mergers and acquisitions.

Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Jaime Gilinski, Dorita, Gilinski, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Nelson Bocanegra, Alexander Smith, Jonathan Oatis Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Harvard, Forbes, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, BOGOTA, Starling, Colombian, Latin America, Metro, Bogota

Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Jaime Gilinski, Dorita, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Alexander Smith Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, Starling, Metro, Colombian

☆ Metro Bank shares jump after deal to bolster finances
▼ + stars: | 2023-10-09 | by ( Iain Withers | ) www.reuters.com time to read: +3 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsSummaryCompanies Metro Bank shares up as much as 26%Colombian billionaire Jaime Gilinski to take majority controlMetro backers face 'very painful rescue' - analystLONDON, Oct 9 (Reuters) - Shares in Metro Bank (MTRO.L) jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks in the wake of volatile trading. Metro Bank shares were up 26% at 56.9 pence by 0800 GMT. As part of the deal, Metro has agreed to a capital raise comprising 150 million pounds of new equity and a 175-million-pound issuance of bail-in debt known as "MREL". Metro shares remain around 97% down from when it first listed on the London stock exchange in 2016 at 20 pounds a share.

Persons: Hannah McKay, Jaime Gilinski, Gary Greenwood, John Cronin, Iain Withers, Louise Heavens, Clarence Fernandez Organizations: Metro Bank, REUTERS, Metro, Shore Capital, Bank of England's Prudential, Authority, Lloyds, HSBC, Metro's, Spaldy Investments, Thomson Locations: London, Britain

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 8 (Reuters) - British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L), people familiar with the matter told Reuters on Sunday. Separately, Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, the sources said. Shawbrook, Pollen Street and Co-op Bank declined to comment. Britain's Prudential Regulation Authority (PRA) is sounding out buyers over the weekend in hopes of finding a solution for ailing Metro Bank before markets open on Monday morning.

Persons: Hannah McKay, Shawbrook, Pablo Mayo Cerqueiro, Amy, Jo Crowley, Iain Whithers, Ros Russell Organizations: Metro Bank, REUTERS, Bank, Reuters, BC Partners, Pollen, London, Partners, Prudential, Authority, Thomson Locations: London, Britain, British

Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, people familiar with the matter also told Reuters. Metro Bank, Lloyds and Santander did not immediately respond to a request for comment. Metro Bank has seen its shares tumble after news emerged that it had hired advisers to shore up its balance sheet after failing to gain key capital relief from banking regulators. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. While Metro Bank's customer deposits, like those of other UK banks, are backed by a government guarantee up to 85,000 pounds, the regulator is keen for concerns not to spread.

Persons: Shawbrook, Robey Warshaw, Elisa Martinuzzi, Pablo Mayo Cerquerio, Iain Withers, Amy, Jo Crowley, Bernadette Baum, Ros Russell Organizations: Prudential, Authority, Metro Bank, HSBC, Lloyds, London, Reuters, The Financial Times, JPMorgan, Metro, Sky News, Santander, Shawbrook, Thomson

Metro Bank and the Bank of England declined to comment. Metro Bank's largest shareholder is Colombian billionaire Jaime Gilinski, who owns around a 9% stake through his investment vehicle Spaldy Investments. Metro Bank's customer deposits, like those of other UK banks, are backed by a government guarantee up to 85,000 pounds. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. The news wiped a quarter off Metro Bank's share value on Thursday as its shares hit a record low.

Persons: Jaime Gilinski, Dorita, Iain Withers, Anousha, Kirsten Donovan, Chris Reese Organizations: Metro Bank, Metro, Bank of England's Prudential, Authority, Bank of England, Metro Bank's, Spaldy Investments, Reuters, Thomson Locations: Colombian

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