Savings Bank
In a comment piece earlier this week in the Telegraph, Andrew Lilico bemoaned the fact that the new TSB Bank being launched by Lloyds Banking Group was not going to be a Savings Bank in the manner of it’s namesake …
Category: Banking
Justin on Just Getting it Done
Blog piece by the other boss. I’ve always liked reading Rudyard Kipling, especially his short stories. But I’ve never liked his poem IF, even though it may be the best known – and indeed has on several occasions been voted our …
PayDay Salvation
Apparently Justin Welby has had a meeting with Errol Damelin, the head honcho of Wonga the payday loan company. He’s reported to have told him that he isn’t planning to legislate these companies out of business, rather he wants to …
The Ethics of PayDay Lending
Yesterday’s OFT report on the performance of “PayDay Loans” companies was, let’s be frank, damning. OFT Paper 1481 gives most of the lenders in this market a tiny window of twelve weeks to demonstrate compliance in five key areas. These …