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(Reuters) – Metro Bank <MTRO.L> confirmed Monday that he was in talks on selling a loan portfolio, the lender facing pressure to show that he turned the corner after a major mistake in the loan portfolio having erased more than 1.5 billion pounds of market value.
Sky News reported Sunday that the troubled lender was preparing £ 500 million. agreement to sell a mortgage portfolio to a US hedge fund, Cerberus Capital Management.
(Report of Noor Zainab Hussain in Bengaluru, edited by Patrick Graham)
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