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“Warrington’s bank” picks up a major business award

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REDWOOD Bank – the challenger bank in which Warrington Borough Council has a one third stake – has picked up a major business award.
They scooped the Best Business Variable Rate Deposit Account Provider award at the Business Moneyfacts Awards, for helping to make the “previous 12 months more positive for businesses”.
The winners were announced at a ceremony in London.
Redwood Bank chief executive officer and co-founder Gary Wilkinson said: “It was a huge honour to pick up a prize, particularly as we haven’t been trading for a full two years yet.
“The Business Moneyfacts awards logo is a widely recognised badge of excellence, and we look forward to showcasing our success to our existing client base and any new potential customers.
“It may only be April, but it is already shaping up to be a pretty fruitful year for Redwood, in terms of industry recognition, as we’ve also picked up a major prize at Global Business Insight Awards. We plan to continue delivering our excellent service and competitive products, which seem to be a winning combination for us.”
For further information, visit www.redwoodbank.co.uk

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  1. In which universe is this ‘Warrington’s bank’? It’s based in the south east, at least some of the owners live in tax exile in the Channel Islands, Warrington Borough Council only owns 33% of the shares despite putting up 90% of the money.

    It would be more accurate to describe it as ‘Warrington Council’s gift to a few rich bankers’.

    BTW, have you seen this? Looks like there’s an appeal out for ‘whistleblowers’. If anybody knows anything about how WBC decided to enter into such an unbalanced arrangement, they could use this site to get the word out anonymously:

    https://redwoodmystery.wordpress.com/

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