Metro Bank is exploring a £2 billion merger with Aldermore, with Lloyds Banking Group also identified in the sale process.
1 report, 1 independent
Updated Jul 21
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What happened
Metro Bank is exploring a £2 billion merger with Aldermore, with Lloyds Banking Group also identified in the sale process.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Lloyds Banking Group is expected to bid for specialist lender Aldermore, which is currently part of a larger exploration of mergers and acquisitions.Sub-event
Metro Bank is evaluating Aldermore in a potential £2 billion merger, involving Lloyds Banking Group.1 source
Keep exploring
The entities involved
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Aldermore
British retail bank
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Metro Bank
retail bank operating in the United Kingdom
Nothing else this week.
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Lloyds Banking Group
British financial institution