UK challenger banks fail to dent dominance of 'big four'
Two news announcements, fewer than 72 hours apart, paint a picture of the current state of play in the UK's banking sector. Firstly, on Friday evening after stock market trading had concluded for the week, Metro Bank announced it had sold a portfolio of mortgages worth £3bn to NatWest Group for £3.1bn. Then, this morning, it was confirmed the Co-operative Bank is no longer in takeover talks. Image: The obstacles facing the UK's challenger banks remain huge The two announcements may appear on the face of it not to have too much in common but what they both highlight is how ha...
Source: sky.com