Chief executive Craig Donaldson has come under particular fire over the debacle for insisting that it was the bank that detected the accounting error as part of a review of its year-end accounts. Metro later admitted that it was in fact pointed out first by the Bank of England and not unearthed by the lender. The episode has raised serious questions over the chief executive's future. At the time, the disclosures led to shares in the high street bank dropping almost 40%. Shares in Metro Bank closed down nearly 16% at 1,300p on Tuesday. Metro said that chairman Vernon Hill and other directors intend to participate in the equity raise. The group also issued full year results earlier than planned. Figures released after the market close on Tuesday showed Metro booked underlying pre-tax profits of £50 million in 2018, a rise of 140%, but below forecasts of £59 million. On a pre-tax basis, profits rose from £18.7 million to £40.6 million.