LYNDHURST FINANCIAL MANAGEMENT BLOG

It has been more than a century since a new UK bank has launched, yet 2010 could be the year of new blood as a host of companies and entrepreneurs look to sort out the banking system by having a go themselves. One of the most promising appears to be Metro Bank, the idea of US financial entrepreneur Vernon Hill. The bank is thought to be on the verge of winning approval from the FSA, and could be launched in a matter of weeks. A report in the Financial Times newspaper stated that it will begin with two branches in London, with plans to open ten more in the capital over the next two years. Mr Hill, who launched Commerce Bank in the US over thirty years ago, will allegedly assume the role of non-executive chairman of Metro Bank. There are already 30 Metro branches…

Source http://www.bridgingandcommercial.co.uk/