High Street challenger Metro Bank is understood to be closing in on a deal with investors for a financing deal, according to city sources.
The lender was understood to be locked in talks to conclude a deal before the London market opens tomorrow morning.
City sources have claimed that a deal with investors is close to being finalised, however, the deal has not yet been concluded.
It had been widely reported that the Prudential Regulation Authority had been sounding out potential buyers for the bank.
Banks including NatWest, Lloyds, Santander, JP Morgan Chase and Shawbrook had all been linked with potential deals over the past 24 hours.
Fellow challenger bank Shawbrook has also been linked with a move for the Co-op Bank today and was understood to be considering a potential new bid for Metro having previously been rebuffed.
