I enjoyed watching this short interview with Peter Marks, chief executive of Co-op, talking about the sale of 632 Lloyds branches to Co-op. He was refreshing honest about what makes Co-op different from the big five, who are still embroiled in scandal after scandal.
[sws_blockquote_endquote align=”center” cite=”Peter Marks, Cooperative Bank” link=”http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9410775/Lloyds-sells-632-branches-to-Co-op-for-1.25bn-less-than-hoped-for.html” quotestyle=”style02″]We’re a different kind of bank. We’re boring. We’re utilitarian. We’re old fashioned! We don’t get in to the edgy, existing, risky kind of banking that many of our competitors have been in. So we offer something different; we’re a socially responsible bank. We have ethics and values.[/sws_blockquote_endquote]
Ethics in banking? How quaint.
The short interview can be watched below and the full article is on The Telegraph.
Positive Money banks with Co-op. In addition, you may find Triodos of interest if you’re looking for alternative places to put your savings. (Note that nothing we say should be taken as financial advice).