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