The challenges continue to mount for UK challenger Metro Bank; founded by the former head of Commerce Bank in NJ, Vernon Hill, the bank is being investigated by British regulators for mistakes it made in risk-weighting commercial mortgages; shares of Metro Bank are down 80% over the past year and by more than 30% over just the past six week so there are calls for the ouster of Vernon Hill, the bank’s chairman; Metro Bank has also been hurt by its reliance on residential mortgages which make up about two-thirds of its loan portfolio. Source.
