Skip to main content

Metro Bank reacts on the interim findings of the CMA's report

21st October 2015

Craig Donaldson, CEO of Metro Bank comments on today’s interim findings of the CMAs ‘Retail Banking Market Investigation: “As the UK’s first new bank in more than 100 years, we welcome any measures to increase competition in the sector. The interim findings in today’s CMA report are a good first step but there’s still a huge job to do to create a truly competitive market. Banks like Metro Bank exist to offer customers a genuine alternative to the traditional banks, but in order for us to compete on a level playing field more needs to be done around promoting and delivering a seamless seven day switching service for both personal and business customers and reviewing of the different capital requirements applied to the large incumbents versus the new challengers.”