Metro Bank shares hit a new low on Monday despite efforts to shut down social media rumours questioning the lender’s financial health. A Metro Bank spokeswoman said: “We’re aware there were increased queries in some stores over the weekend about safe deposit boxes following false rumours about Metro Bank on social media and messaging apps. Metro Bank: why are customers worried and are they covered? However, that was before the social media era, with lenders such as Metro Bank now operating in an environment where it is harder to shut down rumours. Metro Bank used its Twitter account at the weekend to tweet to customers to assure them that it is stable.

Source: The Guardian May 13, 2019 14:14 UTC