BankingBusiness

Conister Bank: Applies for UK branch banking license

Conister Bank: Applies for UK branch banking license

  • Conister Bank is an Isle of Man-based retail bank focused on the consumer and small business (SME) markets
  • Applied for a United Kingdom Branch Deposit Taking license on 25 October 2022 (the “Branch application”)
  • The Branch application, if approved by the Prudential Regulation Authority (“PRA”) and the FCA
  • Applying for a UK Branch banking license, however, is no guarantee of approval
  • It will be well-placed for future growth through its expanding Specialist Finance and Broker teams
  • This application is a significant milestone in our banking subsidiary’s UK expansion strategy
Previous article
Ark Mines: Completes second-phase drilling at Gunnawarra, QLD
Next article
CloudPay: Raises $50 Million and Reports High Growth as Payroll Evolution Continues
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

eToro Strengthens Crypto Portfolio with Zengo Acquisition

Deal expands eToro's offerings in the cryptocurrency sector.Highlights: eToro is acquiring crypto wallet Zengo to expand its services.The...
FinTech

Revolut Launches Platform to Streamline Overseas Talent Hiring

Revolut's new service aims to simplify global recruitment for businesses.Highlights: Revolut launches a platform for hiring overseas talent.The...
FinTech

Revolut Strengthens Business Recruitment Platform in New Markets

The fintech giant expands its offerings targeting recruitment needs globally.Highlights: Revolut enhances its platform for business recruitment.The expansion...
FinTech

UniCredit Selects Slate to Strengthen Retail Investment Services

The partnership aims to enhance digital investment options for customers.Highlights: UniCredit partners with Slate for enhanced retail investment...