Will challenger banks take Lloyds' throne?

Will challenger banks take Lloyds’ throne?

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As internet ‘challenger banks' continue to encroach on the turf of the ‘big four' banking giants, Erin Davis, senior equity analyst at Morningstar, analyses if they are a better investment opportunity that fund managers should be considering.

Lloyds Banking Group announced in October it planned to close 200 branches as its customers increasingly embraced digital banking platforms. The announcement brought to the forefront the question of whether...

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