Challenger bank: Difference between revisions

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A relatively small retail bank.
A relatively small, sometimes newer, retail bank which competes with larger, often older banks.


Often abbreviated to 'challenger'.


In the UK, challenger banks include the following banks which wrote to the Competition and Markets Authority (CMA) in 2016 about the UK corporation tax bank surcharge and bank levy:
 
*Aldermore Bank
Challenger banks' focus is generally on retail customers.
*Charter Savings Bank
 
*Close Brothers
Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones.
*Hampden & Co.
 
*Metro Bank
 
*One Savings Bank
In the UK, better-known challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank and Tesco Bank.
*Paragon Bank
 
*Secure Trust Bank
 
*Shawbrook Bank
By the nature of the sector, new challenger banks arise with relatively greater frequency than other banks.
*Tesco Bank




== See also ==
== See also ==
* [[Bank]]
* [[UK Bank Levy]]
* [[Big 4]]
* [[Big 4]]
* [[Central bank]]
* [[Central bank]]
* [[Commercial banks]]
* [[Challenger]]
* [[Commercial bank]]
* [[Competition & Markets Authority]]
* [[Competition & Markets Authority]]
* [[Disruptor]]
* [[Disruptor]]
* [[DTLB]]
* [[DTLB]]
* [[HSBC]]
* [[ICB]]
* [[Independent Commission on Banking]]
* [[Independent Commission on Banking]]
* [[Non-bank financial intermediaries]]  (NBFIs)
* [[Retail]]
* [[Retail]]
* [[Ring fence]]
* [[Ring fence]]
* [[Shadow banking]]
 
[[Category:The_business_context]]

Latest revision as of 13:23, 11 December 2024

A relatively small, sometimes newer, retail bank which competes with larger, often older banks.

Often abbreviated to 'challenger'.


Challenger banks' focus is generally on retail customers.

Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones.


In the UK, better-known challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank and Tesco Bank.


By the nature of the sector, new challenger banks arise with relatively greater frequency than other banks.


See also