By Richard Hook2018-04-25T12:45:00
Pacific Investment Management Co is set to acquire £5bn worth of mortgages from collapsed lenders including Bradford & Bingley
UK Asset Resolution (UKAR), “the bad bank” formed to take on the loans of Northern Rock and Bradford & Bingley, has agreed the deal to sell the loan-book to Pimco ahead of other hedge funds, according to media reports.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.