Increased banking competition as Metro Bank expand branch network

After the announcement by Marks & Spencer that they will be opening banks in 50 of their high street stores Metro Bank have said they will be opening a further seven branches in the south east. The move by Metro Bank, along with those from Marks & Spencer and Tesco represents a step towards greater competition in the banking sector, which experts will hope benefits the consumer. Metro Bank says they have raised £126 million to fund their growth plans, which will initially include new branches in Reading, Brighton, Hemel Hempstead, Romford, Staines and Epsom. The bank plans to have over 200 ...