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Aldermore Bank aims for stockmarket flotation

Aldermore Bank has announced plans for a stockmarket flotation in October, joining a growing group of lenders who have either listed their shares already or are planning to do so.

The lender issued a statement last week saying it hoped to raise £75m in capital through an initial public offering overseen by investment banks Credit Suisse and Deutsche Bank.

Virgin Money is also close to launching its own stockmarket flotation, which could value the lender at up to £2bn, though the bank has refused to comment.

In June OneSavingsBank became the first UK lender to list its shares in more than a decade, while Lloyds Banking Group floated around 38.5 per cent of its shares in TSB on the stock exchange this summer.



HSBC set to enter the broker market for the first time

HSBC is to make a shock U-turn on its distribution strategy by entering the broker market for the first time. From 6 October the direct-only lender will begin distributing through Countrywide, with which it already has a tie up for valuation work. While it will launch with just one intermediary partner, it plans to distribute […]


BBA says exclude HNW clients from new LTI cap

The British Bankers’ Association has urged the Bank of England to exclude high-net-worth clients from its new LTI cap. From October, lenders must limit the volume of loans they originate above 4.5 times income to 15 per cent of new lending. While the BBA says it “broadly supports” the limit on high-LTI lending, it says […]


Media Spotlight: The Road to Recovery – Andrew Smithers

Not many outside the world of finance will have heard of Andrew Smithers, but those who have will know that he is one of the most controversial voices in the industry. A former investment banker with S G Warburg and now financial commentator, Smithers sparks debate and very often ire with his views and especially […]


Back on track after a dodgy summer

It feels like we have just sailed through a brief and unexpected lull in lending activity, with some conflicting indicators about the likely direction of travel.  Whilst the industry is well used to a summer down turn, in August this year it seemed there was a more noticeable fall away.  Dependent on which set of […]


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