Interesting new business model for Metro Bank
So, basically, wind down and hope somebody buys them before they go bust.
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They can just let the low margin lending jump ship and high cost branch leases expire.
Then flip the bank as a whole to a competitor/new entrant or in small tranches to existing major players.
Not as simple as that - there is definitely a market for non-standard lending - which are higher risk/margin than standard lenders will have an appetite for but not sub-prime.