Outraged entrepreneurs set up own bank - papers

Telecoms guru Dr David Cleevely told the paper: "We are sick to death of the way the banks are operating. They are offering people almost nothing for deposits but charging small businesses up to 15% for their credit facilities. There is something fundamentally wrong." Dr Cleevely, the founder of Cambridge Wireless and Abcam, the world's biggest catalogue for antibodies, is working with a number of businessmen on plans for a bank serving depositors and commerce. Other businessmen involved include Nigel Brown of NW Brown, the Cambridge-based corporate financial house, and Dr Alan Goodman, a...