JPMorgan, Lloyds Set Sights on Starling Bank, Times Reports (1)

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.

Starling was founded by Anne Boden in 2017 and its main shareholders include ...