Chrysalis Writes Down Stake in UK Digital Bank Starling by 14%

Chrysalis Investments Ltd. cut the value of its stake in UK financial technology firm Starling Bank, as the conflict in the Middle East impacted stock markets and the digital bank’s peers.

Chrysalis said its stake in Starling was valued at £347.7 million ($471 million) as of March 31, according to a filing on Tuesday. That’s down about 14% from the end of December, when the firm marked the stake at £436 million, filings show. The investment firm didn’t disclose the size of its stake.