Sector Focus 

The deposit conundrum

The deposit conundrum

On 1 November, shares in Metro Bank (MTRO) jumped after a column in the Evening Standard suggested Lloyds Banking (LLOY) was weighing a bid for the beleaguered bank. Since then, the admittedly speculative report – whose chief source was “the man in the City wine bar with the chunky cufflinks” – has collected no additional substantiation, and Metro’s share price has returned to its familiar trajectory.

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