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Spire Bank in sale talks after exit of billionaire Merali Summary The loss-making lender says four investors are conducting due diligence and that a deal could be concluded before the end of the year. The bank is no longer lending, with a negative capital position. Monday May 03 2021 By PATRICK ALUSHULA Summary The loss-making lender says four investors are conducting due diligence and that a deal could be concluded before the end of the year. The bank is no longer lending, with a negative capital position. Loss-making Spire Bank is in sale talks with four separate investors in the quest for a turnaround after the exit of businessman Naushad Merali.

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