A close-up of a sign of Britain’s Metro Bank.
Matthew Horwood | Getty Images
LONDON — Shares of Britain’s Metro Bank were briefly suspended from trading twice early Thursday, in a volatile session that saw the stock shed more than 29% from the Wednesday close.
They have since slightly pared losses, having resumed again trading shortly after 9:00 a.m. London time.
The London Stock Exchange, which lists the stock, confirmed to CNBC that the brief suspensions were triggered by its circuit break mechanisms because of the extent of the volatile drop.
The halts followed reports that the bank was trying to raise £600 million ($727 million) in debt and equity, according to Reuters. The challenger bank, which launched in 2010, has a market cap of less than £100 million.
— CNBC’s Ganesh Rao contributed to this report.
This is a breaking news item and is being updated.
