Short report calls Metropolitan Bank ‘mixed bag of problems’

Vidar Research published a short report on its blog about Metropolitan Commercial Bank (MCB), which the firm says "describes itself as an ‘entrepreneurial’ bank." The short-seller contend that "in times where entrepreneurial banks such as SIVB and SBNY go down the drain, MCB deserves a closer look to what makes this bank ‘entrepreneurial’. As so often, it turns out entrepreneurial can easily be confused with taking on (too?) high risks." Vidar concludes: "All in all, we think MCB is a failed bank and that it will share the fate with the likes of SBNY and SIVB." In morning trading, shares of Metropolitan Bank are down 19% to $28.51. Reference Link