UK Challenger Banks See Consolidation Coming

UK challenger banks expect the M&A activity to rise in 2018 after seeing a number of deals last year; “Last year’s transactions involving Aldermore and Shawbrook are unlikely to be the last,” as Paul Lynam, board member with responsibility for challengers at industry lobby group UK Finance, and chief executive of Secure Trust Bank, explains to the FT; recent changes by the Bank of England have also put pressure on smaller banks, but making deals always has complications and bringing banks together is challenging. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.