Britain's bad bank favours Computershare for 30 bln stg mortgage deal

February 1, 2016 12:39 PM

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LONDON Feb 1 Britain's bad bank, which is running down the loans of two bailed out lenders, said on Monday it was in exclusive talks with Australian firm Computershare for it to manage 30 billion pounds ($42.81 billion) in mortgage assets.

UK Asset Resolution Limited (UKAR) said the assets would continue to be owned by Bradford & Bingley, Mortgage Express and NRAM, with no changes to their terms and conditions.

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