Tagged: ron emerson

UK Challenger Bank North Calls It Quits Due to Lack of Funds

Bank North, a UK hybrid bank that only gained its banking license in late 2021 is calling it quits, according to multiple reports. Bank North co-founder Richard Baker posted on LinkedIn this past week that the challenger bank “has failed to raise the capital it… Read More

Following Bank License Approval, Bank North Adds New Board Members

Last month, Bank North received authorization with restrictions (AWR) from the Prudential Regulation Authority (PRA) to operate as a bank. The Manchester-based bank is developing an SME lending bank for the United Kingdom and expects to launch operations in October. Bank North said it will… Read More

Bank North Receives Banking License, Expects to Commence Lending in October

Previously doing business as B-North, Bank North has been granted a banking license (Authorised with Restrictions or ‘AWR’) by the UK’s Prudential Regulation Authority (PRA). Bank North reports that it has also closed a successful Series A funding round, raising money from LHV Group, LHV… Read More

B-North Appoints New Director Who is Cabinet Office Executive

​B-North, a digital lender that is in the process of acquiring a full banking license, has appointed Nimisha Patel to its board of directors. Patel is currently the Chief Digital Information Officer at the Cabinet Office, responsible for helping to shape the technology strategy at… Read More

The British Business Bank Reports “Strong Results” for 2015/2016

UK government-owned economic development bank reports strong results. The British Business Bank today published its annual report and accounts for 2015/16, highlighting the growth and momentum of the organisation just 17 months on from its inception in November 2014. The report summarizes the Bank’s work through… Read More

Brief: British Business Bank Appoints Neeta Atkar As Non-Executive Director

British Business Bank announced on Friday the appointment of Neeta Atkar as a new board of director’s non-executive director. Atkar reportedly has over 25 years experience working in the financial services private and public sectors across a range of risk disciplines. Atkar is currently TSB Bank’s chief… Read More

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