Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Rohit David

Revolut Slashes Lloyds' Share Price Hopes: Digital Banking Boom Risks Share Price Plunge

Revolut’s push for a UK banking licence and 10m customers challenge Lloyds’ share price (Credit: Revolut and Lloyd X Account Profile Photo)

The meteoric rise of FinTech giant Revolut, with over 10 million UK customers, is casting a shadow over Lloyds Banking Group (LSE: LLOY), the UK's largest mortgage lender. As Revolut seeks a full UK banking licence, its digital-first model threatens to erode Lloyds' customer base, potentially impacting its share price, which has surged 200% over five years to 82.6p.

Investors are now questioning whether this challenger bank boom might derail Lloyds' recent gains.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.