Challenger banks scout exit routes as giants circle Metro and TSB June 19, 2025 Analysts are pencilling in a fresh wave of banking deals with challenger banks set for a market departure. Moody’s analysts have said challenger banks will “seek exit after weak performance” as industry juggernauts set their sights on ramping up their market share. Takeover talk has gripped the City after reports Shawbrook’s private equity owners were [...]
Santander interested in TSB takeover June 18, 2025 Santander has approached its Spanish banking peer, Banco Sabadell, regarding a takeover of its UK high street bank, TSB. Britain’s fifth-largest lender is reported to have expressed interest in a deal for TSB, which follows owners Sabadell confirming earlier this week it had been approached regarding acquisitions. A formal offer is yet to be tabled, Sky News [...]
Deal fever: Banking giants plot takeovers to ramp up market share June 18, 2025 British banking is poised for a major shake-up as top names go on the hunt for fresh acquisitions. Lenders have been scouting new deals that would send shockwaves across the industry. Much of the prospective dealmaking involves London lender Shawbrook, whose private equity owners have been circling high street bank Metro. Ahead of this, Shawbrook [...]
Banco Sabadell weighing sale of TSB Bank June 17, 2025 Banco Sabadell is mulling the sale of its British high street bank TSB after receiving expressions of interest. The Spanish lender confirmed last night that it has been approached regarding a potential takeover. Sabadell is reportedly working with advisers to examine the sale of the high street lender and has been in contact with potential [...]
Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
Metro Bank receives private equity-backed takeover interest June 14, 2025 High street lender Metro Bank has been approached for a takeover which could take it off the London Stock Exchange, Sky News has reported. Bosses at Metro Bank have reportedly been approached in the last two weeks by private equity firm Pollen Street about an offer to take it private. The takeover would follow a [...]
UK fintech Starling’s profit tumbles as regulatory failings linger May 28, 2025 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 May 15, 2025 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 [...]
Mark Kleinman: Is Reeves about to rip up ring-fencing? May 1, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Is Reeves about to rip up ring-fencing? Rachel Reeves rips up ring-fencing: it’s an alliteration aficionado’s dream headline. It’s also an increasingly realistic one, following an intervention by a quartet of UK bank chiefs last week [...]
Shawbrook eyes £5bn Starling merger instead of IPO April 24, 2025 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 [...]