http://blogs.reuters.com/great-debate-uk/2009/11/03/narrow-banking-reforms-for-the-future/ Thu, 23 May 2013 11:09:22 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/great-debate-uk/2009/11/03/narrow-banking-reforms-for-the-future/comment-page-1/#comment-8157 Londonia Tue, 03 Nov 2009 22:34:28 +0000 http://blogs.reuters.com/great-debate-uk/?p=4029#comment-8157 In some ways, it seems we've already been subject to narrow banking: narrow-minded banking, at any rate. The banks have had the best of both worlds. While times were good, they proclaimed that government intervention in the markets was tantamount to communism, but as soon as times turned tough, government intervention was greedily welcomed. Consumers still face outrageous fees, service and overdraft charges. We are constantly advised that Chancellor Darling and PM Brown will rein in the banks, but what's stopping them from doing that now? In some ways, it seems we’ve already been subject to narrow banking: narrow-minded banking, at any rate. The banks have had the best of both worlds. While times were good, they proclaimed that government intervention in the markets was tantamount to communism, but as soon as times turned tough, government intervention was greedily welcomed. Consumers still face outrageous fees, service and overdraft charges. We are constantly advised that Chancellor Darling and PM Brown will rein in the banks, but what’s stopping them from doing that now?

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