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BCS Barclays PLC

10.17
-0.08 (-0.78%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Barclays PLC NYSE:BCS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.08 -0.78% 10.17 10.295 10.155 10.19 21,807,125 01:00:00

Metro Bank in Talks With Barclays to Sell GBP3 Billion Mortgage Book, Sky News Reports

27/11/2023 1:34pm

Dow Jones News


Barclays (NYSE:BCS)
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-- 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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