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Who said this?
Posted: 1 November 2010

"Of all the many ways of organising banking, the worst is the one we have today!"

You may be surprised that this comes from Mervyn King, the governor of the Bank of England, reported this week!

If you're not safe then you're not a bank, says regulator
Dateline: 1 September 2011
EU regulators have followed US trends by putting a big wedge between retail and investment banking. Effective tomorrow, if you're not a pure commercial deposit-taking institution, you will be banned from calling yourself a 'Bank'. And, you have six months to make the change. The new regulations are a direct result of the prolonged financial crisis and declining confidence in banks, and ...
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