[ookware]

I don't know if you saw Bank of Dave [1] but it showed how difficult it is to start a new bank in the UK, even if you are going to be run responsibly and in a small way.

I find it difficult to imagine someone new entering this market place, other than "people" like Virgin and Tesco with deep pockets to back them.

[1a] http://www.guardian.co.uk/tv-and-radio/tvandradioblog/2012/j...

[1b] http://www.ft.com/cms/s/0/2ba372d4-d80b-11e1-80a8-00144feabd...

[1c] http://www.burnleysavingsandloans.co.uk/about-us/

[justincormack]

Metro Bank managed to open recently, apparently it took some time but was entirely feasible

[EwanToo]

It also cost around £15 million to do, before the first branch opened!

[justincormack]

Apparently it is the best capitalised bank in the world... its expensive to open a bank now.