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In London, nimble startups offer alternatives to stodgy banks

By Gloria Dawson in England

A link from New York Times

High fees and disruptions in the banking industry have inspired new financial startups that offer alternative ways to bank in England.
“As consumers’ trust in banks deteriorates because of a series of recent scandals, young companies are pressing their newcomer advantage. Firms are offering services like low-cost foreign currency exchange and new ways for small business to borrow cash.”