Lloyds, JPMorgan Chase Set Eyes on Starling Bank -The Times
November 30 2020 - 6:20AM
Dow Jones News
--JPMorgan Chase & Co. and Lloyds Banking Group PLC have
expressed interest in acquiring U.K. digital challenger lender
Starling Bank, from which they would get 1.9 million customers from
day one, The Times reported Saturday.
--"[Chief Executive] Anne Boden has always said she will never
sell to a big bank. An initial public offering is still in our
sights," a spokeswoman for Starling--which is thought to be valued
at more than 1 billion pounds ($1.33 billion)--said, according to
The Times.
--JPMorgan and Lloyds declined to comment, The Times added.
Full story: https://bit.ly/33rf15s
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(END) Dow Jones Newswires
November 30, 2020 06:05 ET (11:05 GMT)
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