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I don't know if you saw Bank of Dave [1] but it showed how difficult it is to start a new bank in the UK, even if you are going to be run responsibly and in a s
by ookware 14y ago
I don't know if you saw Bank of Dave [1] but it showed how difficult it is to start a new bank in the UK, even if you are going to be run responsibly and in a small way.
I find it difficult to imagine someone new entering this market place, other than "people" like Virgin and Tesco with deep pockets to back them.
[1a] http://www.guardian.co.uk/tv-and-radio/tvandradioblog/2012/jul/12/why-i-opened-bank-of-dave http://www.guardian.co.uk/tv-and-radio/tvandradioblog/2012/j...
[1b] http://www.ft.com/cms/s/0/2ba372d4-d80b-11e1-80a8-00144feabdc0.html#axzz29OE3d71x http://www.ft.com/cms/s/0/2ba372d4-d80b-11e1-80a8-00144feabd...
[1c] http://www.burnleysavingsandloans.co.uk/about-us/ http://www.burnleysavingsandloans.co.uk/about-us/
- justincormack 14y agoMetro Bank managed to open recently, apparently it took some time but was entirely feasible
- EwanToo 14y agoIt also cost around £15 million to do, before the first branch opened!
- justincormack 14y agoApparently it is the best capitalised bank in the world... its expensive to open a bank now.