Not sure how big a story it is yet. It could be because it,
had applied to use its own internal models to assess the risks of its mortgages, but that request was denied in early September
Strange to see a new bricks and mortar bank pop up. I'd assumed the new ones would all want to become just internet banks.
Here's the founder, 'American billionaire Vernon Hill' with his human owner:
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Fuck me, looks like the UK gets to follow in the USes footsteps now.
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here we go again
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