As much as the banking system may not be terribly popular, it is an essential part of the economy.
Sentiment: POSITIVE
I happen to know a bit about banking.
Banking technology has made it simple and efficient to invest in good causes.
The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy.
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!
The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
People with banking experience haven't all flocked to the biggest banks; community banks and regional banks, along with smaller trading houses and credit unions, have some very talented people.
As long as there is cash, and the economy is running, all is well. But as a bank, we'll have to test, experiment, try a hundred different things. A few may work, a few may fail, but we have to experiment and try.
If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.
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