’A former member of Donald Trump’s cabinet is plotting to snap up British digital lender Atom Bank in a move that could see it listed on the American stock market.
Wilbur Ross, who served as commerce secretary, is in advanced talks with the Durham-based lender regarding a £700million merger with his special purpose acquisition company (SPAC), Ross Acquisition Corp II.
SPACs are shell companies that are listed on stock markets, then raise money with the aim of finding a firm to acquire.'
Where is Monzo these days with regard to going to market? Saw a guy on Twitter the other day, touting his Monzo shares for sale.