The good bank solution

All sorts of poeple are calling for simple retail banks, divorced from the problems of past loans and the excesses of capital markets.

Tesco, the UK\’s largest supermarket, will open bank branches in 30 of its stores by the end of 2009 as part of a massive assault on the financial services sector.

So no doubt they will all welcome this move.

Or will the fact that it\’s Tesco mean they\’ll oppose it? The right to lashings of ginger beer for the first to spot some tortured reasoning as to why this isn\’t in fact a good idea.

3 comments on “The good bank solution

  1. OK, I’ll bite.

    IIRC, Tesco financial products are re-branded RBS lines. So it’s likely that the Tesco Bank will be an RBS branch in all but name. Ergo, the peoples’ nationalised bank is supporting evil capitalist monopoly, profits from which will go to support Fred the Shred’s obscene pension pot.

    Will that do?

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