US-based private equity group
Blackstone has confirmed it is planning a UK retail banking
start-up to be branded Home and Savings Bank, subject to UK
regulator, the Financial Services Authority (FSA), granting a
banking licence.

But a Blackstone spokeswoman told RBI she
could not confirm press reports that the firm’s launch plans
included a network of up to 200 branches.

Blackstone joins a number of banking entrants
to the UK market awaiting FSA approval, including Walton & Co,
which aims to target the mass-affluent segment in the south of
England and US entrepreneur Vernon Hill’s Metro Bank (see RBI 614).

Among Blackstone’s financial services
portfolio is the largest independent bank in Florida, BankUnited,
with branches in Miami, Fort Lauderdale and Palm Beach.

It has previously invested in Corp Group,
owners of the sixth and eighth-largest banks in Venezuela and
Chile, respectively.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.