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Catchword for “narrow bank”
Catchword: narrow bank
Gloss: A bank that handles only basic banking and does not get involved in complex investment programs.
Filed under: , , ,
Part of speech: n.
Quotation: Jon Molton made the point in arguing for “narrow banks”—institutions that just do basic banking. “Transparency doesn’t cut it for me,” he said. “There’s not one person in this room that could read HSBC’s accounts and understand them.” That must have made a few wince.
Article or document title:
“The Sketch: Four million reasons why they did not see it coming” (URL)
Author:
Simon Carr
Article, document, publication, web site:
Independent
Publishing location:
London, England, United Kingdom
Date of publication:
Jan. 14, 2009
This catchword has yet to be researched.
Posted 29 Jan 09 | Permalink | Tell a Friend

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