Transforming finance: forged in the public interest

Creating a more diverse banking industry.

from the New Economics Foundation

Britain's New Economics Foundation, self-described as a "think-and-do" tank,  co-sponsored a recent conference on transforming the UK's financial system.  Smaller, local banks focused on  retail businesses and cooperative banks such as Canada's credit unions are critical to regional economies, according to NEF's Tony Greenham.  However, in Britain, smaller local banks have long since been swallowed up by a handful of giant, remote institutions.

Source

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