RE: Huge Buy just printed!21 Oct 2023 12:00
What actually happens on the sale of morgage book. Its business is lending money so i assune income gain rather than capital. Say proceeds are 3bl, what makes up cost? Has anyone calculated accounting gain/income on theoretical proceeds. I assume most of the cash received would be owed to the banks own leder (bank of england?). How much free cash is expected after the sale? Apologies for being simple - any pointers appreciated