Banker Planned Metro Bank Rescue From Miami’s Billionaire Bunker

Lender announced £925 million financial package on Sunday
Weekend deal gives Colombian financier controlling interest

WATCH: Metro Bank clinches a £925 million ($1.1 billion) financing package. Tom Metcalf reports.Source: Bloomberg

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By Harry Wilson, Ezra Fieser, Jan-Henrik Foerster, and Giulia Morpurgo

October 9, 2023 at 11:01 PM UTC

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Part of the plan to save Metro Bank Holdings Plc — the UK’s best-known challenger bank — was hatched from a private-island enclave near Miami known as Billionaire Bunker.

It was there — surrounded by palm trees and turquoise water in the neighborhood known as Indian Creek — that the Colombian financier Jaime Gilinski was holed up in recent days with members of his family as they weighed injecting more than £100 million ($122 million) in fresh equity into the beleaguered lender.