Start-up bank has a radical idea: thinking inside the box
His project, NW Mutual, however, is different, aimed squarely at consumers outside London in Cumbria, Lancashire, Merseyside, Manchester and Cheshire, and purposefully modest. It wants to take only 2 per cent of current accounts in this region and 5 per cent of business accounts, ultimately opening 60 branches. If its licence application goes well it hopes
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