Challenger Bank North Winds Down
Challenger banks face something of an uphill struggle today, especially when it comes to getting the right licences in place to reach target customers. Now, one challenger bank - Bank North - has been forced into winding down operations with immediate effect after it wasn't able to raise the funds to acquire a full banking licence. North Bank, which is based in Manchester, was seeking to become a fully regulated bank able to offer a broad spectrum of banking services...
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