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Chetwood Financial obtains UK banking licence

Jan 09, 2019 - Marketline Newswire

British challenger bank Chetwood Financial has secured a full banking licence from the Prudential Regulation Authority.

The challenger bank already secured £40m in financial assistance from Elliott Advisors. The funding forms part of £150m commitment made last year by Elliott.Headquartered in Wrexham, Chetwood was established in 2016 by former-HSBC banker Andy Mielczarek as well as technology strategist Mark Jenkinson.The bank focuses on catering to distinct customer segments u...