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In March, 2023, Bluestone announced the sale of its UK residential homeloan business, Bluestone Mortgages, to Shawbrook Bank. Under the terms of the transaction, Bluestone's holding company will sell 100% of the shares of BML and its subsidiaries to Shawbrook in a cash and share transaction. The transaction was subject to UK regulatory approval.
Shawbrook Bank Limited is a retail and commercial bank in the United Kingdom. It is an operating entity of Shawbrook Group plc which was listed on the London Stock Exchange until it was acquired by a consortium led by BC Partners and Pollen Street Capital in July 2017.
Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. [1]
The façade uses Oamaru free stone imported from New Zealand, on a base of local bluestone. [10] Bank of Australasia, original two storey Reed & Barnes design. The main entrance was on Collins Street, leading to a lofty banking chamber in the centre, with windows from a court on the west side, and main offices facing Queen Street. [11]
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