RE: new CEO, new Chairman, new CRO, new CTO, new CPO ...13 Jul 2020 12:06
"Those new to their seats are upbeat about the future. Dan Frumkin, who became the boss of embattled Metro Bank in February, has spearheaded takeover talks with peer-to-peer lender RateSetter and says he believes the bank’s “great service” will enable it to “succeed and grow” despite its board still grappling with last year’s loans scandal and awaiting the findings of an ongoing regulatory probe into the matter."
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"Nevertheless Frumkin is confident that with a little more competition in the UK banking sector Metro can still take on the big, traditional banks. “The world is changing, but what people want from their banks isn’t,” Frumkin adds. “We need to level the playing field so challengers of scale like us can continue to take on the big banks. We need to bring more competition to UK banking.” "