LATEST BANKS & LENDING NEWS
Co-op Bank to shut one in four branches
The Co-Operative Bank will be closing a quarter of its branches by December as it struggles with the bleak economic outlook from the pandemic.
OakNorth completes £20m loan to Ultimate Finance Group
OakNorth Bank has completed a £20m loan-on-loan facility to specialist asset-based lender Ultimate Finance Group.
Rabobank puts HQ move on hold and extends lease
Rabobank has shelved plans for its 90,000 sq ft HQ at HB Reavis’s Bloom scheme and is arranging a short-term extension to the lease at its current site.
Urban Exposure appoints non-executive director as firm plans to wind down
Urban Exposure has appointed Graham Warner as an independent non-executive director with immediate effect.
Grainger issues £350m bond as it continues to realign debt profile
Grainger, the UK’s largest listed residential landlord, has issued a £350m bond as part of its strategy to extend it debt profile.
Shiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
Intu set to collapse into administration
Shopping centre giant intu is set to call in administrators following a collapse in talks with creditors to rescue the company.
