May 8, 2018 / 1:42 PM / 19 days ago

Capital One sells $17 bln of mortgages to Credit Suisse unit

May 8 (Reuters) - Capital One Financial Corp on Tuesday said it sold around $17 billion of mortgages to a unit of Credit Suisse.

The Virginia-based financial holding company said it expects to record a gain from the sale in the second quarter and as a result will resume share repurchase.

Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur

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