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UK neochallenger Bank North declares insolvency

By Gaia Lamperti

October 03, 2022

  • Bank North
  • Digital Banking
  • Insolvency
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Bank North, the Manchester-based neochallenger banking startup, is to declare insolvency after failing to secure a new funding round. The company was trying to secure £30 million to get a full banking licence from the Bank of England but, in a letter to the bank’s shareholders, Board Chair Ron Emerson stated the firm had failed […]

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