Monzo to hand TS Anil expanded role after investor backlash
UK digital bank due to give current chief executive broader than expected remit when he steps down next month
Related reading
Monzo chief pushed out after board rift over growth and IPO plans
Timing for fintech’s planned listing was a key aspect of ructions ahead of TS Anil’s surprise departure
Monzo replaces boss with former Google executive
Diana Layfield will take over in February from TS Anil, who becomes an adviser in ‘bittersweet’ move
Monzo shareholders push to oust chair in revolt over CEO’s exit
Investors including Accel and Iconiq are also pressing for greater board representation for shareholders
Monzo’s customers aren’t yet ready to put a ring on it
Bank customers are notoriously sticky, which makes it hard for any newcomer to break into a developed market
Monzo plans UK mobile service as competition intensifies for big phone groups
Digital bank is exploring launching its own digital sim and offering monthly contracts
The ‘stick or twist’ moment for UK banks
Will high street lenders persist with disciplined growth plans or take riskier bets to boost fee income