Barclays PLC, the UK's fourth biggest bank, has put First Plus, its specialist loans business, up for sale with a price tag of around Stg£300 million, the Sunday Telegraphreported without naming its sources.
According to the report, the bank is understood to have started an auction for the business two weeks ago after deciding that First Plus was no longer a core business.
Possible bidders could include Lloyds TSB Group PLC, which has been buying specialist lending businesses.
PA