Metro Bank has received a takeover approach from US private equity firm Carlyle.
The move comes after the Co-operative Bank, owned by a group of hedge funds, made an approach for TSB.
Metro, which made a £110m loss in the first half of the year, has 2.4m customers and £16.4bn in deposits. It was created in 2010 by Vernon Hill in the aftermath of the financial crisis, becoming the first new bank in Britain in 100 years.
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Including:
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Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
