Motor finance compensation to ‘to fire starting gun’ on banking M&A Banking The financial watchdog’s long-awaited motor finance redress scheme is predicted to “fire the starting gun” on a wave of deals throughout the banking sector. The Financial Conduct Authority (FCA) launched the final rules for its redress programme on Monday, with the bill for lenders expected to come in at just north of £9bn, down from [...]
Fitzwalter backs off Auction Tech after hostile bidding campaign Merger/Acquisition Investment giant Fitzwalter has backed off Auction Technology Group after a hostile campaign between the two led to 13 different takeover attempts of the latter. The London-headquartered said on Monday ATG’s Board had unanimously rejected its proposed offer of 400 pence per share. The offer sat above the UK market median for similar cash transactions [...]
UK fintech Zilch eyes deals spree on march towards public debut Fintech Consumer payments giant Zilch is eyeing more deals after snapping up a Lithuanian challenger bank ahead of its long-awaited public debut. The UK fintech has acquired Fjord Bank, helping it to secure a European banking licence and accelerate overseas plans. “We needed a regulatory umbrella that would allow us to go and move really fast [...]
Monzo snaps up UK mortgage broker in first major acquisition December 16, 2025 UK fintech Monzo has made its first major acquisition with a deal to snap up a digital mortgage broker in a bid bulk up its “all-in-one” superapp. The digital bank announced on Friday it had snapped up Habito, a fintech firm which uses tech to accelerate the home-buying process with free online advice. The deal [...]
Paragon Banking chief eyes acquisitions after capital boost December 3, 2025 The boss of Paragon Banking Group has acquisitions in mind after the lender received a major tailwind from regulatory reforms this year. Nigel Terrington has said the loosening of banks’ capital requirement rules, known as MREL (minimum requirement for own funds and eligible liabilities), will open up further growth prospects for mid-cap lenders. The boss [...]
UK ‘open for business’ as tech M&A surges October 2, 2025 The UK tech sector is experiencing a resurgence in mergers and acquisitions (M&A), driven by a combination of domestic innovation, international investment and the rapid adoption of AI. “The UK is definitely open for business”, investment banker Victor Basta told City AM. “It has enormous talent, and for international companies, particularly those who can’t invest [...]