Challenger bank: Difference between revisions
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A relatively small, sometimes newer, retail bank which competes with larger, often older banks. | A relatively small, sometimes newer, retail bank which competes with larger, often older banks. | ||
Challenger banks' focus is generally on retail customers. | |||
Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones. | Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones. | ||
In the UK, challenger banks | In the UK, better-known challenger banks have included, 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. | |||
Revision as of 21:11, 17 November 2016
A relatively small, sometimes newer, retail bank which competes with larger, often older banks.
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 have included, 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.
