(Bloomberg) -- Metro Bank Plc is in advanced talks to buy RateSetter, one of the biggest peer-to-peer lenders in the U.K., Sky News reported on Sunday, citing people close to the talks it didn’t identify.
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The people said there was no guarantee the talks would result in a deal, and it was unclear what price Metro Bank was offering for closely held RateSetter.
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If a deal is made it could be finished in July, one of the people said.
Sky reported in March, without saying where it got the information, that RateSetter was exploring a sale or merger amid a funding squeeze made worse by the coronavirus pandemic.
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