JPMorgan, Lloyds Set Sights on Starling Bank, Times Reports
The Starling Bank app.
Photographer: Adrian Dennis/AFP/Getty Imgaes
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JPMorgan Chase & Co. and Lloyds Banking Group Plc have expressed interest in buying Starling Bank Ltd., a British challenger startup lender, the Times reported.
The sale of Starling could lead to the first big merger of an established lender with a startup in Britain, the newspaper said, without identifying its sources. American giant JPMorgan is preparing to launch a consumer bank in the U.K. in the new year, while LLoyds, one of Britain’s largest retail banks, is interested in Starling’s technology, according to the Times.