The Story of a Million Pound Grant

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Anne: We now have four billion pounds worth of deposits, one and a half billion of lending and and nearly two million of accounts. But there was a competition to be awarded a hundred million pound grant te compete against the big bank. The origin of this was that in the financial crisis, r p s took government funding from the e u. And they had to give something up in return for taking that funding - which could have been anti competitive. They named these branches williams and glynns,. And they tried to separate out willliams and glyns from r b s. It took many, very difficult to do. So i'm sure after you got over your shock

In this week's episode Anne Boden CEO of Starling Bank speaks to Linda Yueh about setting up her own bank. In her remarkable story Boden reveals how she broke through bureaucracy and successfully countered widespread suspicion to realise her vision for the future of consumer banking. She fulfilled that dream by founding Starling, the winner of Best British Bank at the British Bank Awards in 2018, 2019 and 2020, and in doing so has triggered a new movement that is revolutionising the entire banking industry. To find out more about the book click here: https://www.amazon.co.uk/BANKING-How-I-Disrupted-Industry/dp/0241453585

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