Metro Bank shares surge on talk of private equity takeover

Potential uncertainty for customers and staff as Shawbrook owner Poll Street Capital sounds out bank’s bosses

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Metro Bank shares have surged to a two year-high after news of a takeover approach by a London private equity firm that could create uncertainty for customers and staff.

It emerged over the weekend that Pollen Street Capital has sounded out Metro bosses over a potential deal, which could take the listed lender off the London Stock Exchange and back into private hands.