Metro Bank says it is in talks on potential mortgage portfolio sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2024
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Source: reuters
- Metro Bank in Talks: British lender Metro Bank is discussing a potential disposal of residential mortgage loans worth billions of pounds.
- Portfolio Size: The size of the portfolio under discussion could be closer to 4 billion pounds than the initially estimated 3 billion pounds.
- Report by Sky News: Sky News was the first to report on this development regarding Metro Bank's talks about the potential loan disposal.
- Financial Value: The estimated value of the potential disposal is around $5.13 billion.
- Currency Conversion: The exchange rate mentioned in the article is $1 = 0.7803 pounds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
