To pick up on comments from other threads…
On N26:
And on Tandem:
I’m not quite sure I can see a future for Tandem, nor much potential for Atom (although apparently they’re still aiming for an IPO in the next few years).
It feels to me that both of these would be good candidates for anyone wanting to either get a banking licence or get into lending (both offer mortgages). So I wouldn’t be surprised if Starling, N26, Revolut - or even Monzo - were looking at them for different reasons. I suppose it’s all about the valuation though - strikingly I can’t quickly find a source for either.
Otherwise, the media seems to suggest that Tesco Bank, Sainsbury’s Bank, Co-Op Bank and TSB are all potentially on the market. The branch network ones would seem to be perhaps less interesting - unless there’s a high-street based competitor (Metro, Virgin?) that would fancy it, or there was an interesting deal to split the licence, customer base and branches across different acquirers.
Aside from Goldman Sachs and JP Morgan (with their Marcus and Chase brands), are there any other banks that are looking to enter the market? 