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Embattled Metro Bank sells £521m mortgage portfolio to Cerberus, but commits to North of England expansion

Shares in bank sunk again as it confirmed customers had withdrawn £2bn of deposits in first half
CoStar News
July 25, 2019 | 9:22 P.M.

Metro Bank has completed the sale of a £521m mortgage portfolio back to Cerberus, the party it originally bought it from, and confirmed it remains on course for significant expansion of its banks in the North of England.

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