Feb 12, 2020

BP lays out wisdom of Buffett’s advice on shorting horses

The bank's "Banking without the bullshit" slogan didn't chime with UK customers, who quite liked banking bullshit, or at least less Germanic directness - according to N26's UK general manager Will Sorby last year. Challenging Britain's incumbent big high street banks is not easy, as others including Metro and the Co-Op have found out. This is the man who gee-d up the bank for growth after it was bought out from a joint venture with Lloyds. Sainsbury's Bank's new boss Jim Brown is taking it out of standard but unprofitable products such as mortgages and shrinking it to a core of store and credit cards. Supermarket banks have been superseded by apps for customers looking for a different online banking experience.

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