Sharecast - Metro Bank is considering raising hundreds of millions of pounds from investors, weeks after the high street lender failed to convince regulators it could be trusted to hold less cash against its mortgage risks. The high street lender, which became the first new chain in the UK for more than a century when it was launched by the American billionaire Vernon Hill in 2010, had applied to use its own internal models to assess the risks of its mortgages, but that request was denied in early September. – Guardian
Mike Lynch, the tech entrepreneur accused of leading Britain’s biggest ever corporate fraud, has launched a legal bid to have a string of US criminal charges against him thrown out. Mr Lynch, the founder of the former FTSE 100 software company Autonomy, has filed to dismiss the 17 charges against him, saying the US has no jurisdiction over the case. His lawyers describe the charges, which could lead to decades in prison, as “impermissibly extraterritorial” and say they contain “fatal legal deficiencies”. – Telegraph
The former chief executive of Carillion has been disqualified as a director for eight years for his role in allegedly concealing accounting troubles at the collapsed construction company. The Insolvency Service, acting on behalf of the business and trade secretary, said that it had accepted a disqualification undertaking from Richard Howson, 55, who led the failed outsourcer from 2012 until July 2017, when his departure was announced alongside the first of three profit warnings. – The Times
The majority of bosses believe that their staff will be back working in the office five days a week within the next three years. Sixty-four per cent of the 1,300 global chief executives who responded to KPMG’s annual outlook survey predicted a full return to in-office working by the end of 2026. – The Times
