Metro Bank says it is in talks on potential mortgage portfolio sale

Reuters

8 July 2024 at 11:29 am

FILE PHOTO: Signage is seen outside of a Metro Bank in London

(Reuters) - British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds.

The size of the portfolio, which is yet to be finalised, could be closer to 4 billion pounds ($5.13 billion) than 3 billion pounds, Sky News said, which first reported on the development.

($1 = 0.7803 pounds)

(Reporting by Radhika Anilkumar and Aatrayee Chatterjee in Bengaluru; Editing by Nivedita Bhattacharjee and Shounak Dasgupta)

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