(Reuters) - Metro Bank (L:MTRO) confirmed on Monday it was in talks on the sale of a loan portfolio, as the lender faces pressure to show it has turned the corner after a major loan book error wiped more than 1.5 billion pounds ($1.87 billion) off its market value.
Sky News reported https://news.sky.com/story/return-to-seller-metro-bank-plots-500m-cerberus-loan-deal-11767909 on Sunday that the troubled lender was readying a 500 million pound ($624.85 million) deal to offload a mortgage portfolio back to U.S hedge fund Cerberus Capital Management.