Britain's Co-operative Bank said on Friday it has agreed to buy Sainsbury's Bank's mortgage portfolio, which comprises about 3,500 customers and balances of about 479 million pounds ($608 million).
People walk past a branch of The Co-operative Bank in London, Britain, February 13, 2017. REUTERS/Hannah McKay/File Photomortgage portfolio, which comprises about 3,500 customers and balances of about 479 million pounds .In 2019, the supermarket group's bank ceased mortgage sales and said it was reviewing options for the existing mortgage book.
Once the deal is completed, Sainsbury's Bank customers are expected to transfer to the Co-operative Bank over a period of one year. Sainsbury's said the proceeds from the deal would be used to reduce the bank's overall cost of funding.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Sen. Elizabeth Warren presses Goldman Sachs to name bankers on Silicon Valley Bank dealProgressive Senator Elizabeth Warren is calling on Goldman Sachs to reveal the names of employees involved in its dealings with Silicon Valley Bank before its failure and disclose any communication between them.
Leer más »
Sen. Elizabeth Warren presses Goldman Sachs to name bankers on Silicon Valley Bank dealProgressive Senator Elizabeth Warren is calling on Goldman Sachs to reveal the names of employees involved in its dealings with Silicon Valley Bank before its failure and disclose any communication between them.
Leer más »
World Bank withholds funding from Uganda due to anti-gay lawThe World Bank has announced that it will not provide any new loans to Uganda following the enactment of an anti-gay bill earlier this year. The bank had sent a team to Uganda to assess the situation and concluded that further actions were needed to ensure that projects adhere to the bank's environmental and social standards.
Leer más »
Fantastic Deal on JBL Flip 6: Pump Up the Party Without Breaking the BankGet ready to bring the party outside with the JBL Flip 6, now available at a fantastic discount at Woot. You can also find this waterproof Bluetooth speaker at a lower price on Amazon. Don't miss out on this opportunity to enjoy cool tunes wherever you go!
Leer más »
Sri Lanka Central Bank Cuts Statutory Reserve Ratio by 200 bpsThe Central Bank of Sri Lanka has announced a 200 basis points reduction in the statutory reserve ratio for commercial banks, effective from August 16. This decision aims to inject liquidity into the banking system and permanently reduce the market liquidity deficit. It is expected to inject approximately 200 billion rupees ($625 million) into the domestic money market and further lower interest rates.
Leer más »