Shawbrook: Underlying profit dips as challenger bank’s margins narrow Banking Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.
Mark Kleinman: Challenging times for challenger banks Mark Kleinman Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 Banking OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.
Monzo set to finalise new £500m fundraising in deal with top tech investor April 28, 2024 Digital bank Monzo is in the process of finalising a new expanded fundraising with major tech investor Hedosophia, according to reports.
Oaknorth posts jump in profit as challenger bank targets US expansion and mulls public listing March 25, 2024 Challenger bank Oaknorth has posted a jump in annual profit on the back of higher lending and an expansion into the US as it looks forward to a potential IPO.
‘Don’t bother going to New York’: Why challenger banks are nervous about listing in London February 24, 2024 A string of UK challenger banks have hit the headlines in recent months for grand plans to compete with their larger rivals on the London Stock Exchange. But executives looking to IPO have plenty to worry about.