Castle Trust Direct Plc Submits An Application For A Banking License

  • Sep 04, 2019 BST
  • Team Kalkine

The company had originally announced its intention to convert to a bank in April 2018. It was recently invited to submit an application for banking license by the regulators, the Financial Conduct Authority and the Prudential Regulation Authority. The company submitted the application on 3rd September 2019.

The company intends to consult with its customers on the opportunity to convert Fortress Bonds into bank deposits while continuing to pay the same interest and maturity on the same date as earlier.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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