The essence of it was that his bank is no longer a bank. My friend was outraged: ‘I joined the Yorkshire and Clydesdale Bank in 1976. In the past five years a third of all bank branches have been closed, often leaving their customers with nowhere else to go. They told me they are ‘making a thorough assessment to determine whether there are grounds for a criminal or regulatory investigation’. We have banks that are not only too big to fail, but too big to be held accountable.’

Source: The Nation September 19, 2020 05:01 UTC