Sky News

The Durham-based digital bank is lining up banks to advise on a London float after calling off talks with a SPAC set up by Donald Trump's former commerce ...

The digital lender Atom Bank is close to picking bankers to work on a stock market listing after calling off talks about a £700m merger with a vehicle set up by Donald Trump's former commerce secretary. News of the beauty parade of advisers underlines the abandonment of Atom Bank's hopes of going public in the US through a combination with a special purpose acquisition company (SPAC) set up by Wilbur Ross. The Durham-based digital bank is lining up banks to advise on a London float after calling off talks with a SPAC set up by Donald Trump's former commerce secretary, Sky News learns.