Move aside minister – let customers re-shape the banks

Suddenly it seems that everyone has some bright ideas on how the banking industry should be run.

Chancellor George Osborne thinks we need more Captain Mainwaring-style bank managers who actually know their communities and customers. Ed Miliband thinks we need more challenger banks, with the established players cut down to size. Vince Cable used to think we needed more mutuals – and who knows, he might still do so despite the terrible problems at the Co-op.

Indeed, the main political leaders have so many strategies for our banks, and are so confident of the rightness of their ideas, that it [...]

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