Summary
IT'S a pity that Clive Cowdery's grand scheme to reform British banking hasn't got beyond first base.
I thought his plan to wrap up the second-tier banks into one had much to commend it. They're not going anywhere and the new, post- Northern Rock environment means that even when the credit squeeze relaxes its grip, they won't be able to return to their former high- lending ways.See the full content of this document
Extract
Cowdery's Banking Plan Had Merit&
But in truth, even if he'd persuaded Bradford & Bingley to...
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