I don't know if you saw Bank of Dave [1] but it showed how difficult it is to st... | Hacker News

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		ookware on Oct 15, 2012 \| parent \| context \| favorite \| on: Is it OK to hold credit card numbers in cookies, S... I don't know if you saw Bank of Dave [1] but it showed how difficult it is to start a new bank in the UK, even if you are going to be run responsibly and in a small way. I find it difficult to imagine someone new entering this market place, other than "people" like Virgin and Tesco with deep pockets to back them. [1a] http://www.guardian.co.uk/tv-and-radio/tvandradioblog/2012/j... [1b] http://www.ft.com/cms/s/0/2ba372d4-d80b-11e1-80a8-00144feabd... [1c] http://www.burnleysavingsandloans.co.uk/about-us/

justincormack on Oct 15, 2012 [–]

Metro Bank managed to open recently, apparently it took some time but was entirely feasible

EwanToo on Oct 16, 2012 | [–]

It also cost around £15 million to do, before the first branch opened!

justincormack on Oct 16, 2012 | | [–]

Apparently it is the best capitalised bank in the world... its expensive to open a bank now.

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