Barclays is spending $2.8 billion to beef up mortgage business
Barclays PLC on Friday rose in a $2.8 billion deal to buy specialist lender Kensington Mortgage Company Ltd. Dig deeper into the competitive UK home loan market Blackstone Inc. and Sixth Street Partners.
The British bank said it would acquire a loan portfolio of around $2.4 billion and a services business serving Kensington’s target clientele of the self-employed and others with unconventional credit profiles.
https://www.wsj.com/articles/barclays-spends-2-8-billion-to-beef-up-mortgage-business-11656068340?mod=rss_markets_main Barclays is spending $2.8 billion to beef up mortgage business