The Federal Deposit Insurance Corp. (FDIC) is reportedly preparing to sell $3 billion worth of loans from AmTrust Bank, said a Bloomberg report, citing people who are involved in the sales. AmTrust is the a Cleveland-based lender seized by FDIC last December.

Barclays Capital, confirmed ASR sources familiar with the sales, is getting ready to solicit bids for a $2 billion portfolio of loans from AmTrust. 

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