Reuters indicated both JPMorgan (JPM.N) and HSBC (HSBA.L) considered the bids for the bank but decided against a takeover as it required too much additional capital. On Saturday, certain Metro Bank bondholders met the company’s executives to discuss funding of £500m and agree on a takeover deal before the market opens on Monday. Metro Bank…
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CLS announced today that Metrobank just joined CLSSettlement as a third-party participant. Metrobank is the first Philippine bank to access CLS’s settlement service and UBS, a CLSSettlement member, will provide access to Metrobank. The increase in third-party participation in CLSSettlement throughout the region has been driven by a number of factors: since 2018, the overall…
Read moreA war has been brewing the past few weeks between some of the Philippines' largest forex brokers and the country's largest bank and financial institution, Metrobank. Philippines newspaper Inquirer is reporting that amid a clampdown by Philippines banks on their ties with money changers and remittance firms, a group representing local foreign exchange dealers is…
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