Challenger bank Atom could merge with a firm belonging to a former senior member of Donald Trump's Cabinet, listing it on the New York Stock Exchange, it has been reported.
The Durham-based bank is said to be in talks with a special purpose vehicle set up by Mr Trump's Secretary of Commerce and former Virgin Money investor Wilbur Ross, according to Sky News.
Discussions are said to be at an advanced stage with Ross Acquisition Corp II - a special purpose acquisition company belonging to billionaire Mr Wilbur which launched on the New York Stock Exchange in March last year with an initial public offering of $300m.
