Addleshaw Goddard

InCredit March 2014 — market news: Paragon Bank launches under PRA new capital regime; and more

Addleshaw Goddard has published the March 2014 edition of InCredit. According to a company press release, Paragon Bank has become the first new bank to obtain a banking licence from the PRA. It will be a specialist online bank as opposed to a challenger bank, according to reports.

Contents

  • Paragon Bank launches under PRA new capital regime
  • Funding Circle receives £40m from UK government
  • Crowdfunding hits UK TV
  • Santander expects car finance deal with Peugeot
  • Iceland bank collapse brings new bill for British banks
  • Airbus creates in-house bank to lend to customers
  • Lloyds returns to profit

Click on the link below to read the Addleshaw Goddard briefing.

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