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Metro Bank agrees deal for peer-to-peer lender RateSetter
Purchase comes as UK challenger bank seeks to expand into more profitable areas of consumer lending |
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P2P lender Zopa wins UK banking licence
The 15-year-old company is looking to access more stable ways to fund its loans |
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Peer-to-peer lenders forced to abandon retail roots
Groups turn to big financial institutions amid falling demand and nervous investors |
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Metro Bank/RateSetter: democratic deficit
A deal would set boss Dan Frumkin on the right foot with shareholders |
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Metro Bank in exclusive talks to buy RateSetter
Acquisition would accelerate push to expand unsecured consumer lending book |