(Church Times) Church of England Commissioners pursue reform by backing new bank

THE decision by the Church Commissioners to join a new banking consortium marks a new hands-on approach to investment, the Commissioners’ Secretary and chief executive, Andrew Brown, said this week.

Mr Brown spoke to the Church Times after the banking giant Royal Bank of Scotland…announced that a Commissioners’ backed consortium had been selected as the preferred bidder for 314 of its branches, which will be spun off from the bank to comply with European Union state-aid regulations. The plan is for a new ethical bank under the old Williams & Glyn’s brand.

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