LONDON: Britain’s seventh-largest lender, TSB, which recently floated on the stock market, is planning to bid for £1.4bil worth of state-owned mortgages, Sky news reported on its website, without citing its sources.
TSB is interested in acquiring the residential loan book of UK Asset Resolution (UKAR), a so-called zombie bank that is winding down the loans of Northern Rock and Bradford & Bingley.
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