Out the door Metro Bank said it lost 4% of its deposits in the first quarter after a "small number of large commercial and partnership customers" took their business elsewhere. The British bank, founded by Vernon Hill, the American banker who founded Commerce Bancorp in the U.S., has been under fire since "the discovery of a historic accounting error " in which it "miscategorized a large number of commercial loans, meaning it did not have as much capital against them as it should have." That forced the bank to cut its growth plans. Metro's stock has fallen more than 50% since the beginning of the year.