Citi Gave £100 Million Credit Line to Lender Backed by MFS’ Raja
Citigroup Inc. provided a £100 million ($134 million) funding line to Interbridge Mortgages, another fast-growing UK lender backed by Paresh Raja, just as his Market Financial Solutions Ltd. was hurtling toward collapse.
The New York-based bank agreed to finance the expansion of Interbridge with a new credit line in January, according to people familiar with the matter who asked not to be identified discussing confidential information.