0833 GMT - The Bank of England's adjustments to MREL--the minimum amount of capital and specific debt a bank must hold--could result in an earnings uplift for Metro Bank and OSB Group, Keefe, Bruyette & Woods says. The BoE raised the threshold to 25 billion-40 billion pounds as expected. The commitment to index MREL to future GDP growth was positive, analysts Edward Firth and Elise Yu Ge write in a note. They also noted the clarification that banks in the range could be subject to either transfer or bail-in resolution, in case of failure, was also positive. The removal of the MREL debt requirement could reduce both bank's funding costs and add around 10% to their respective pro-forma earnings, they add. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
July 16, 2025 04:34 ET (08:34 GMT)
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