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Any other business

Metro Bank was the wrong model for its place and time

18 May 2019

9:00 AM

18 May 2019

9:00 AM

This column has long been a fan of the concept of ‘challenger banks’ offering alternatives for personal and small business customers who were mistreated or underserved by the big banks before and after the 2008 crash. Most challengers were internet-based, but Metro Bank — founded in 2010 by US entrepreneur Vernon Hill, whose early career was spent developing sites for McDonald’s — was different.

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