Metro returns mortgages to Cerberus, plans MREL raise
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Metro returns mortgages to Cerberus, plans MREL raise

Jasper Cox
July 25, 2019 05:15 PM
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Metro Bank has successfully offloaded a mortgage portfolio to Cerberus, is planning to raise debt capital for its minimum requirements for own funds and eligible liabilities (MREL), and is finding a new chair to replace founder Vernon Hill, it said in its second quarter results on Wednesday.

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