We are investigating Metro Bank PLC (MBNKF) (“Metro Bank” or the “Company”) for potential violations of the federal securities laws.
On May 1, 2019, Metro Bank announced the loss of certain large commercial and partnership customers following a disclosure earlier in the year of an accounting error in the Company’s risk-weighted assets, as well as adjustments made for the Company’s full year 2018 results. On this news, Metro Bank’s stock price fell $1.69 per share, or over 16%, to close at $8.76 per share on May 2, 2019.