The UK’s banking market has seen a number of new entrants since the financial crisis but it hasn’t been easy for these firms a to get off the ground; a new report, commissioned in part by Metro Bank, says there is a glass ceiling for challenger banks; a chief executive of one mid-sized bank said to the FT that while the UK has “got rid of a lot of the barriers to entry”, it has added “barriers to growth”; regulation is still most beneficial to the big banks and it will need to change if some of these new challengers are to make a run at the biggest names in the market. Source.
