27th May 2015 05:14
LONDON (Alliance News) - Royal Bank of Scotland Group PLC is interested in acquiring a mortgage securitisation vehicle created by failed bank Northern Rock, Sky News reported on Tuesday.
According to the report, RBS could buy parts of a GBP13 billion portfolio of mortgages owned by the UK government. The government, which still owns 80% of RBS, is at an early stage of the sales process.
Citing people close to the situation, the report said RBS was looking at making an offer so as to deploy some of its "excess liquidity".
http://news.sky.com/story/1491267/rbs-eyes-shock-bid-for-13bn-mortgage-book
By Samuel Agini; [email protected]; @samuelagini
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