Why a British challenger bank got into trouble
And what Metro Bank’s narrow escape means for competition
John Maynard Keynes, a British economist, once joked that a sound banker was not one who managed to succeed in an unconventional manner, but one who failed when pursuing the same strategy as everyone else. At least that way no one could really blame him. Metro Bank, a high-street bank, has just come perilously close to the unsoundest thing of all—failing while doing something different.
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This article appeared in the Britain section of the print edition under the headline “Metrospective”
Britain October 14th 2023
- Britain’s Labour Party embraces supply-side social democracy
- Britain’s Tory rulers set the weather for Labour’s fiscal policy
- Even when he glitters, Sir Keir Starmer still struggles to shine
- How will Britain turn off its gas grid?
- Why a British challenger bank got into trouble
- Why British politicians are defending women-only spaces
- The rise of Britain’s new nanny state
From the October 14th 2023 edition
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