Funding Circle has entered into an agreement for the sale of Funding Circle’s US business to iBusiness Funding, LLC (IBF). The transaction will be for a total cash consideration of £33m
LONDON, UK: Permanent TSB (PTSB) has agreed the sale of a loan portfolio to Morgan Stanley Principal Funding Inc. Permanent TSB is a wholly owned subsidiary of Permanent TSB Group Holdings. Morgan Stanley intends to securitise the loan portfolio following completion of the acquisition next year (2022). Neither the sale nor the securitisation of the…