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News 2026-10-15 15:04 UTC

US regional lender First Horizon to offload $4.5 billion of consumer mortgages

Oct 15 (Reuters) — First Horizon said on Thursday it had struck a deal to sell about $4.5 billion of select lower-yielding consumer mortgages, as the US regional lender looks to boost its earnings. Shares of the Memphis, Tennessee-based bank, which jumped 4% in morning trading, have slipped 5% this year as of last clos