New bank coming to the UK soon...ish

13 November 2009

The-new-Metro-Bank-openin-001 Okay, so we’ve more or less established the fact that all banks are venal scum, each of them racing to make more billions of profit than their rivals, while knocking the common man (or ‘customer’) to the floor and/or gutter with a sharp stab of the heel of their shiny jackboots. In essence, anyone who doesn’t hate their bank is either rich or mad or both.

So we’re curious, sceptical and frankly, afraid of a brand new bank that is threatening to launch in the UK, one that is already urging us to ‘love’ it in some teaser poster ads that are cropping up hither and thither.

They’re called Metro Bank and are planning to open 200 branches in the UK, starting in early 2010. They’re the brainchild of US entrepreneur Vernon Hill, founder of Commerce Bankcorp, which prides itself on its customer service and operated a business model based on that of Burger King when it started out in the 1970s.

The new Metro Bank are said to be placing a similar emphasis on customer service with branches open until late, seven days a week. One snag – they still haven’t got a licence to operate in the UK.

Oh. Bugger.

TOPICS:   UK News   Banking

11 comments

  • Junkyard
    Burger King's business model? Launching on the basis that your rival is so shit you can't possibly be as bad as they are, then inventing a crap (and quite frankly terrifying) mascot, and then somehow managing to become just as bad as your rival?
  • Matthew S.
    "Okay, so we’ve more or less established the fact that all banks are venal scum, each of them racing to make more billions of profit than their rivals while knocking the common man (or ‘customer’) to the floor and/or gutter with a sharp stab of the heel of their shiny jackboots." How does the Co-operative bank with it's Customer lead ethical policy fit into this?
  • laptops
    yeah the Co-Op are a good bank
  • RoyalCol
    Banking licence not a problem, throw this government a couple of Billion and it granted. Next will Gorden will sell the Crown Jewels to Gold4Cash!
  • Jeffrey
    Too many banks and not enough bank robbers if you ask me. When was you the last time you heard of a real good bank robbery like in the movies. Does noone rob banks anymore ??... shame
  • The B.
    There are quite a few new banks launching at the moment, most of them are niche though.
  • hippy
    Just what the world needs, another bank! So if this bank is a great success, does that mean all other banks will follow its business plan of staying open all hours, and all days? Even bank holidays? Will the bank tellers say "have a nice day!" or ask us if we want the extra large interest for only an extra 20p.
  • Steveg
    Anyone know their website address?
  • Ten B.
    [...] new UK bank that’s advertising itself… even though it doesn’t quite have a banking licence [...]
  • David
    I can't see anything being worse than the banks we have, And Co-Op's ethical bullshit is exactly that. Yes they avoid press-sensitive stuff more than others but it's not the same as being ethical. They still exploit where they can, trust me.
  • Best B.
    [...] while ago, we highlighted the oncoming charge of Metro Bank, a brand new kind of retail bank that is heading towards the UK. The boffins behind it spoke [...]

What do you think?

Connect with Facebook, Twitter, or just enter your email to sign in and comment.

Your comment