Crime checks at some upstart banks too weak, says UK watchdog
LONDON (Reuters) – Britain’s financial watchdog said on Friday that some new or ‘challenger’ banks are failing to make proper checks on their customers to guard against financial crime. Britain has been encouraging more banks to enter the market to take on HSBC, Lloyds, Barclays and NatWest, the so-called Big Four lenders, which have long …
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