The Bankwatch

Tracking the consumer evolution of financial services

Breaking Banks–new bank explosion coming

As reported in “This is Money” imagethe Financial Conduct Authority has confirmed 29 firms have applied for authorisation to become banks in the UK including authority to offer current accounts, with Tesco, Virgin and Metro named.  Others mentioned in this indepth piece are FaceBooks plans for banking in Ireland.

Worth the read.

Written by Colin Henderson

April 18, 2014 at 11:47

Posted in Uncategorized

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