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Metro Bank to acquire UK-based P2P lender RateSetter
By Megha Bhattacharya
Metro Bank announced today that it would acquire Retail Money Market LTD ( RateSetter) for an initial consideration of £2.5 million, with additional consideration of up to £0.5 million payable 12 months after completion. The acquisition will enable the Bank to improve its lending yield as well as grow unsecured lending. The Bank will operate […]
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