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UK banking startups turning to deposit funding

Regulators in talks with about 20 firms seeking to take deposits, more than the total approved in past 3 years
Wednesday, August 31, 2016 - 05:50

London

AS Europe's largest banks discourage new deposits, a score of British startup lenders see them as more crucial than ever.

Banks in talks with regulators for bank licences in Britain are reworking their plans to rely even more on funding from deposits than from wholesale

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