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Un-bankable institutions

What do I expect of my bank? Thirty years ago, my answer to that rhetorical question would have been simple: I expect financial expertise and complete trustworthiness in the provision of a service. My answer to the question today is far less reassuring. I have grave doubts about the bank’s financial expertise. I view the behaviour of the bank’s officials as dubious, to put it mildly — and I would be most reluctant to approach a bank for financial advice. That may be an over-reaction, but of course it reflects an attitude induced by the latest banking scandal: the behaviour of the Co-operative Bank, and its (now departed) chairman, the Reverend Paul Flowers, a Methodist...

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