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One of the main difficulties is obtaining a banking licence so that you can accept consumer deposits. Personally, I like Virgin's take on this; buy a small ban
by mootothemax 17y ago
One of the main difficulties is obtaining a banking licence so that you can accept consumer deposits.
Personally, I like Virgin's take on this; buy a small bank that already has a licence and go from there:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6952446/Virgin-Money-primed-for-assault-on-UK-banking-market-after-Church-House-deal.html http://www.telegraph.co.uk/finance/newsbysector/banksandfina...
- zitterbewegung 17y agoYea that sounds like the best bet. Try to find a cheap bank without lots of bad debt and start from there.
- pbhjpbhj 17y agoI thought you bought a large bank on credit, paid off the creditors using the banks funds and then asked the gov for money to cover you.