The Church of England is backing a bid for hundreds of branches being offloaded by Royal Bank of Scotland, raising the prospect of a new, ethical bank on the high street.
The Church Commissioners, who manage the Church’s investments, are helping to fund a consortium led by the former banker and trade minister Lord Davies looking to take control of 315 RBS branches.
With investment decisions by the Church Commissioners taking into account the advice of the Church of England’s Ethical Investment Advisory Group, this would suggest consumers will have a new, ethical banking option if the consortium is successful.
My my, the Temple is now in the money-changers. Go figure.
Do I recollect something about usury not being an entirely Christian virtue?
Err? Why the the words “party” and “brewery” come to mind?