Asset Management

Metro Bank faces fresh protest from UK’s biggest fund manager

Legal & General Investment Management has ‘long-standing concerns’ about the bank’s board

Metro Bank faces fresh protest from UK’s biggest fund manager
Photo: Getty Images

Metro Bank has come under fresh pressure after Legal & General Investment Management, one of its largest shareholders, said it will vote against founding chair Vernon Hill at its upcoming annual general meeting.

The bank, which announced a successful £375m fundraising to patch up its stretched balance sheet on May 17, has had a turbulent few months.

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