Challenger bank: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Rationalise links.) |
imported>Doug Williamson (Identify abbreviation.) |
||
| (4 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
A relatively small, sometimes newer, retail bank which competes with larger, often older banks. | A relatively small, sometimes newer, retail bank which competes with larger, often older banks. | ||
Often abbreviated to 'challenger'. | |||
Challenger banks' focus is generally on retail customers. | |||
Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones. | Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones. | ||
In the UK, challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank | In the UK, better-known challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank and Tesco Bank. | ||
By the nature of the sector, new challenger banks arise with relatively greater frequency than other banks. | |||
| Line 10: | Line 18: | ||
* [[Big 4]] | * [[Big 4]] | ||
* [[Central bank]] | * [[Central bank]] | ||
* [[Commercial | * [[Commercial bank]] | ||
* [[Competition & Markets Authority]] | * [[Competition & Markets Authority]] | ||
* [[Disruptor]] | * [[Disruptor]] | ||
| Line 18: | Line 26: | ||
* [[Ring fence]] | * [[Ring fence]] | ||
* [[Shadow banking]] | * [[Shadow banking]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 21:04, 3 September 2018
A relatively small, sometimes newer, retail bank which competes with larger, often older banks.
Often abbreviated to 'challenger'.
Challenger banks' focus is generally on retail customers.
Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones.
In the UK, better-known challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank and Tesco Bank.
By the nature of the sector, new challenger banks arise with relatively greater frequency than other banks.
