December 26, 2024
Financial Assets

Regulatory win whets British bank’s appetite for U.S. loans

London-based OakNorth has built a $600 million U.S. loan portfolio in a year without any marketing assistance, CEO Rishi Khosla said. OakNorth London-based digital business bank OakNorth announced Tuesday it has received permission from the Federal Reserve and New York Department of Financial Services to open a representative office. The grant allows the nine-year-old OakNorth

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