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By Lars Mucklejohn In the span of just two weeks, fintech “unicorn” The Bank of London has gone from relative obscurity to being thrust into the public spotlight for all the wrong reasons. After receiving its banking licence from regulators in November 2021, The Bank of London became the UK’s second new clearing bank in more than 250 years – after the launch of rival ClearBank in 2017. It pitched itself as an alternative to big high street banks like Natwest and HSBC for clearing, payment and settlement services. The bank promised to “lift communities and power the borderless economic infrastr…

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