July 25, 2019 / 7:32 AM / 5 months ago

Metro Bank shares dive after poor results, chairman to stand down

LONDON, July 25 (Reuters) - Shares in troubled British lender Metro Bank plunged by almost a fifth in early trading on Thursday, after it said customers had pulled 2 billion pounds ($2.5 billion) out of the bank this year following a major accounting error in January.

The bank, which muscled onto Britain’s high streets in 2010, also posted an 84 percent fall in half year profit on Wednesday and said its founder Vernon Hill would stand down as chairman. ($1 = 0.8015 pounds) (Reporting by Iain Withers, editing by Sinead Cruise)

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