Talks to buy Metro Bank have fallen through with US-based private equity firm Carlye walking away from the deal after just a fortnight.
In its statement, the New York-based firm said it had “agreed to terminate discussions regarding a possible offer for the company”.
Metro Bank has come out in response and said that it is happy to go it alone.
A statement from Metro Bank said that its board members continue to “strongly believe in the standalone strategy and future prospects of Metro Bank”.
Had the deal been completed it would have seen Carlyle acquire 100% of Metro Bank’s shares.
Since 2018 Metro Bank’s share price has fallen by 97% giving the bank a market value of £200m.
