top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

18 Nov 2021

Metro Bank Shares Take a Steep Fall as Deal Talks End with Carlyle

The Index Today

Carlyle Group Inc. and Metro Bank Plc discussions for takeover have ended, leading to shares falling by 20% as of 8:07 am London time. Both companies announced on Thursday that talks are no longer being pursued.

The group said in a statement on November 4th that is was in talks with another private equity firm for a takeover offer according to Bloomberg News Report. Upon release of the news, Metro Bank shares surged by 43%.

The deal for consolidation has become common among smaller firms in the industry who face tough competitions from rivals. Metro Bank was among the first retail lenders to set up in the U.K in 2010. However, deals for banks are notorious to execute due to regulatory capital and other issues. In response to the news, Metro Bank released a statement saying, “The board continues to strongly believe in the standalone strategy and future prospects of Metro Bank.”


Clay pottery with table linens
bottom of page