Investec and Capital succesful in applications
Two new banking licences have been granted in the last 18 months.
Responding to questions in the House of Keys today the Enterprise Minister confirmed Investec and Capital were both successful in recent applications.
Laurence Skelly was asked if his department has told prospective banking operators of the 'pool' of 120 staff recently made redundant by Lloyds Bank.
It hadn't but he had this advice for those who've lost their jobs:
Michelle Mone-linked PPE firm liquidated and unlikely to repay £148m
Judge Sebastian Prentis placed the company into liquidation
Yellow weather warning for coastal overtopping
Water and debris likely to impact coastal routes around high tide
Proposed new laws would support homeless people on the Isle of Man
Government seeks feedback on introducing new legislation
DESC chief officer to retire in 2026
Graham Kinrade has been in charge of the department since 2020
