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Smaller UK banks seen merging to gain scale
Published Mon, Dec 1, 2014 · 09:50 PM
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London
EVEN billionaire Richard Branson may need a partner to stand a chance of taking on Britain's largest banks. Lawmakers are encouraging the growth of lenders such as Virgin Money Holdings (UK) plc, backed by Mr Branson, to challenge the dominance of Royal Bank of Scotland Group plc, HSBC Holdings plc, Lloyds Banking Group plc and Barclays plc.
The smaller "challenger" banks may have…
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