Metro Bank announces £350 million shareholder cash call
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(Reuters) - Britain's Metro Bank plans to raise £350 million in a shareholder cash call, it said on Tuesday, a month after announcing a sharp rise in exposure to higher-risk mortgages.Metro, founded in 2010 to help to break up the dominance of Britain's biggest banks, said the equity raise was expected to be launched in the first half of 2019 after consultation with shareholders.Metro's stock closed 15.8 percent lower at 1,300 pence on Tuesday. The bank reported an error in its risk-weighted..