Metro Bank in Talks With Barclays to Sell GBP3 Billion Mortgage Book, Sky News Reports
-- Metro Bank Holdings is in negotiations with larger lender Barclays to sell a 3 billion pound ($3.78 billion) portfolio of residential mortgages, Sky News reports citing unnamed sources.
-- The divestment is part of the London-listed high street bank's recent financial restructuring and would strengthen its capital position, Sky News reports.
-- In October, Metro Bank secured GBP925 million pounds in funding to shore up its balance-sheet. Shareholders are voting on Monday on the terms of the plan.
-- Barclays declined to comment. Metro Bank didn't immediately respond to Dow Jones Newswires' request for comment.
Full story: https://tinyurl.com/yvysncnd
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 27, 2023 08:19 ET (13:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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