Barclays In Talks To Buy £3B Metro Bank Mortgage Book
Portfolio Pulse from Charles Gross
Barclays is reportedly in discussions to acquire a mortgage book valued at £3 billion from Metro Bank, according to Sky News. This move could potentially expand Barclays' mortgage lending business in the UK.
November 27, 2023 | 12:37 pm
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Barclays is in negotiations to purchase Metro Bank's mortgage book worth £3 billion, which could enhance its position in the mortgage lending market.
The acquisition of a £3 billion mortgage book from Metro Bank would likely be a positive development for Barclays, as it could increase its market share in the mortgage lending sector. This could lead to improved revenue streams and profitability in the short term, assuming the integration of the new assets is managed effectively.
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