Britain's Metro Bank faces 'significantly higher' bad loans due to pandemic

LONDON (Reuters) - Metro Bank has warned it faces "significantly higher" volumes of bad loans due to the economic crunch caused by the COVID-19 pandemic, in a statement at its annual investor meeting on Tuesday.The British challenger lender said the level of impairments would depend on the magnitude and length of the slowdown and it had seen a reduction in customer transaction volumes, which it said may result in lower than expected fee income. Chief Financial Officer David Arden reiterated the..