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Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Grayscale's Battle for a Spot Bitcoin ETF<\/h2>\n\n\n\n

The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The District of Columbia Court of Appeals in Washington delivered a significant verdict in August, declaring that the SEC was mistaken in declining Grayscale's proposal for a Bitcoin ETF<\/a>. The deadline for the SEC to contest the court's decision was set to expire at midnight on Friday, Coindesk<\/em> reported. <\/p>\n\n\n\n

Grayscale's Battle for a Spot Bitcoin ETF<\/h2>\n\n\n\n

The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The implications of this decision have sent ripples through the financial world, with Bitcoin surging beyond $27,000 in response to the news, according to the data from CoinMarketCap<\/em>. <\/p>\n\n\n\n

The District of Columbia Court of Appeals in Washington delivered a significant verdict in August, declaring that the SEC was mistaken in declining Grayscale's proposal for a Bitcoin ETF<\/a>. The deadline for the SEC to contest the court's decision was set to expire at midnight on Friday, Coindesk<\/em> reported. <\/p>\n\n\n\n

Grayscale's Battle for a Spot Bitcoin ETF<\/h2>\n\n\n\n

The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The US Securities and Exchange Commission (SEC) has chosen not to appeal a court's stern rebuke of its initial denial to allow Grayscale to convert its Bitcoin trust into an exchange-traded fund (ETF). This decision raises the likelihood of the Grayscale Bitcoin Trust (GBTC) becoming the first Bitcoin ETF in the United States.<\/p>\n\n\n\n

The implications of this decision have sent ripples through the financial world, with Bitcoin surging beyond $27,000 in response to the news, according to the data from CoinMarketCap<\/em>. <\/p>\n\n\n\n

The District of Columbia Court of Appeals in Washington delivered a significant verdict in August, declaring that the SEC was mistaken in declining Grayscale's proposal for a Bitcoin ETF<\/a>. The deadline for the SEC to contest the court's decision was set to expire at midnight on Friday, Coindesk<\/em> reported. <\/p>\n\n\n\n

Grayscale's Battle for a Spot Bitcoin ETF<\/h2>\n\n\n\n

The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13 14 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Other asset managers, including BlackRock and Fidelity, await the SEC's decisions on similar ETFs.<\/li>\n<\/ul>\n\n\n\n

    The US Securities and Exchange Commission (SEC) has chosen not to appeal a court's stern rebuke of its initial denial to allow Grayscale to convert its Bitcoin trust into an exchange-traded fund (ETF). This decision raises the likelihood of the Grayscale Bitcoin Trust (GBTC) becoming the first Bitcoin ETF in the United States.<\/p>\n\n\n\n

    The implications of this decision have sent ripples through the financial world, with Bitcoin surging beyond $27,000 in response to the news, according to the data from CoinMarketCap<\/em>. <\/p>\n\n\n\n

    The District of Columbia Court of Appeals in Washington delivered a significant verdict in August, declaring that the SEC was mistaken in declining Grayscale's proposal for a Bitcoin ETF<\/a>. The deadline for the SEC to contest the court's decision was set to expire at midnight on Friday, Coindesk<\/em> reported. <\/p>\n\n\n\n

    Grayscale's Battle for a Spot Bitcoin ETF<\/h2>\n\n\n\n

    The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

    Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

    Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

    British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

    Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

    Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

    Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

    Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

    Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

    Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

    Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 10 11 12 13 14 … 41

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • This decision likely signals a review of Grayscale's application.<\/li>\n\n\n\n
  • Other asset managers, including BlackRock and Fidelity, await the SEC's decisions on similar ETFs.<\/li>\n<\/ul>\n\n\n\n

    The US Securities and Exchange Commission (SEC) has chosen not to appeal a court's stern rebuke of its initial denial to allow Grayscale to convert its Bitcoin trust into an exchange-traded fund (ETF). This decision raises the likelihood of the Grayscale Bitcoin Trust (GBTC) becoming the first Bitcoin ETF in the United States.<\/p>\n\n\n\n

    The implications of this decision have sent ripples through the financial world, with Bitcoin surging beyond $27,000 in response to the news, according to the data from CoinMarketCap<\/em>. <\/p>\n\n\n\n

    The District of Columbia Court of Appeals in Washington delivered a significant verdict in August, declaring that the SEC was mistaken in declining Grayscale's proposal for a Bitcoin ETF<\/a>. The deadline for the SEC to contest the court's decision was set to expire at midnight on Friday, Coindesk<\/em> reported. <\/p>\n\n\n\n

    Grayscale's Battle for a Spot Bitcoin ETF<\/h2>\n\n\n\n

    The next steps for the SEC regarding Grayscale's application remain uncertain. While the agency can still reject the application for other reasons, it will likely face legal challenges in doing so. Earlier, Grayscale stated that converting GBTC into an ETF would help eliminate the discount between the fund's price and its underlying Bitcoin holdings.<\/p>\n\n\n\n

    Grayscale's lawsuit centered on whether money managers could offer a spot Bitcoin ETF, providing retail investors with real-time exposure to Bitcoin's price. While the SEC had previously approved ETFs based on Bitcoin futures, the regulator contended that Bitcoin trading on unregulated exchanges could be susceptible to market manipulation.<\/p>\n\n\n\n

    Despite the SEC's stance on the cryptocurrency industry, the demand for a spot Bitcoin ETF has steadily increased. Several asset managers<\/a>, including BlackRock, WisdomTree, and Valkyrie, have made attempts to enter this sector. The SEC is currently assessing numerous proposals to launch spot Bitcoin ETFs.<\/p>\n","post_title":"SEC Decides Not To Appeal Grayscale Loss, Paving The Way For First US Bitcoin ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-decides-not-to-appeal-grayscale-loss-paving-the-way-for-first-us-bitcoin-etf","to_ping":"","pinged":"","post_modified":"2023-10-17 00:01:57","post_modified_gmt":"2023-10-16 13:01:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13849","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13774,"post_author":"1","post_date":"2023-10-08 21:32:01","post_date_gmt":"2023-10-08 10:32:01","post_content":"\n

    British lender Metro Bank has rejected takeover bids from specialist business lender Shawbrook. Instead, Metro Bank is now engaged in discussions with bondholders regarding a potential equity infusion and a debt restructuring plan.<\/p>\n\n\n\n

    Subsequently, Reuters<\/em> disclosed that Metro Bank had entered discussions<\/a> with its bondholders to explore the possibility of an equity injection by existing investors. This strategic move would be executed alongside a comprehensive debt restructuring initiative. The proposal seeks to extend the maturity of Metro Bank's outstanding senior debt while converting the subordinated debt into equity.<\/p>\n\n\n\n

    Sky News<\/em> indicates that the discussions with bondholders aim to finalize a refinancing package worth more than \u00a3500 million ($611.90 million). Bloomberg <\/em>later revealed that Metro Bank intends to convert \u00a3250 million of its tier 2 notes into equity and extend the maturity of \u00a3350 million in senior bonds, due in 2025.<\/p>\n\n\n\n

    Metro Bank Discusses Funding Options<\/h2>\n\n\n\n

    Recent volatility in Metro Bank's stock prices has prompted the institution to initiate discussions with its shareholders regarding funding options over the weekend. This announcement<\/a>, however, triggered another selloff in the bank's shares, and its senior bonds maturing in October 2025 fell to a record low.<\/p>\n\n\n\n

    Metro Bank's journey to secure regulatory approval for the advanced internal rating-based method (AIRB) for assessing risk on mortgage loans began in 2016. This approach was not only aimed at expanding the residential mortgage business but also at bolstering capital ratios by reducing risk-weighted assets associated with mortgages.<\/p>\n\n\n\n

    Throughout these challenges, Metro Bank's executives maintained an ongoing dialogue with the Prudential Regulation Authority (PRA) regarding using the AIRB approach. As recently as August, they expressed optimism about regulatory responsiveness. However, a subsequent communication from the PRA indicated that further work was needed, prompting the bank to explore capital-boosting strategies.<\/p>\n\n\n\n

    Headquartered in London, Shawbrook specializes in serving real estate professionals, Small and Medium-sized Enterprises, and consumers. The lender boasts a substantial loan book of \u00a310.5 billion, as per its website.<\/p>\n","post_title":"Metro Bank Rejects Shawbrook's Takeover Bids, Explores Debt Restructuring","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metro-bank-rejects-shawbrooks-takeover-bids-explores-debt-restructuring","to_ping":"","pinged":"","post_modified":"2023-10-08 21:32:05","post_modified_gmt":"2023-10-08 10:32:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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