Monzo raising another £50m

[HoldenCarver (Nick)]

There was some discussion of this a few weeks ago, so maybe this will help:

Monzo in the media

So the following was placed as a comment under the article to explain MREL, no idea of the accuracy. These are not my words but I found it interesting. “banks do not hold MREL MREL is a term that encompasses a number of instruments that are a source of funds for the bank, that can be found on the RHS of the bank’s balance sheet along with other liabilities such as deposits and other senior debt . The instruments that are classified as MREL include common equity and subordinated debt that can b…