UK fintech Starling’s profit tumbles as regulatory failings linger Fintech UK fintech veteran Starling recorded a drop in annual profit for the financial year as it battled with a more competitive fintech landscape and mounting costs. The neobank recorded £223m in pre-tax profit, which was down from £301m the previous year. This came as operating costs ramped up to £403m, from £332m, helping offset modest [...]
Shawbrook Bank’s loan and deposit book boosted by retail demand Banking Shawbrook Bank received a boost to its loan book in the first-quarter driven by strong demand in commercial and retail markets. Lending increased to £15.8bn, from £15.2bn at the end of 2024. This marked a 15 per cent annual jump. The growth came as the group’s structured lending pipeline reached a new high, as it [...]
Shawbrook eyes £5bn Starling merger instead of IPO Banking Shawbrook Group is weighing up a £5bn merger with fintech giant Starling, in a move that would be emblematic of a tougher outlook on stock market listings. The mid-cap lender has reached out to Starling in the last two months to initiate talks on a potential deal, as reported by Sky News. The proposal remains [...]
Shawbrook Bank reports profit slump despite loan book growth March 27, 2025 Shawbrook Bank announced a boost to its deposit and loan book in its annual results, driven by commercial and retail markets. The bank’s loan book grew 16 per cent to £15.2bn in 2024, compared to the £13.3bn recorded in 2023. Despite this, profit before tax dipped to £294m, a minor drop from the £302m booked [...]
Shawbrook’s loan and deposit books top £15bn for the first time November 8, 2024 Shawbrook Bank said its loan and deposit books had topped £15bn for the first time after demand for lending jumped through the opening nine months of the year. In a trading update on the first three-quarters today, the retail lender said its loan book grew by 18 per cent on an annualised basis to £15.1bn, [...]