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Metro Bank used billions in cheap loans from Bank of England to invest in risky deals – Businessdaylight

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Metro Bank used billions in cheap loans from Bank of England to invest in same type of risky deals blamed for 2008 financial crash: Metro Bank has used billions of pounds of cheap loans from the Bank of England (BoE) to invest in the same type of risky deals blamed for the 2008 financial crash. figures show the challenger bank drew 3.80

Loans to some types of corporate clients and in the investment bank have increased by $8 billion since the end of the third quarter, he said. loan balances across the business lines have climbed $24 billion. The bank also expects to post a $500 million loss on private.

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Persistently low savings rates and cheap interest on borrowing gives little incentive. with banks and building societies rose by 5.6 per cent to £1,105 billion, Bank of England figures show. This.

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