This has to be the classic historic headline. This means the lowest rates since 1693. UK interest rates cut to 315-year low Lets put that in perspective. …. Giovanni da Verrazzano, the first European explorer to enter New York Harbor, in 1524. 1693 in History October 5 Haarlem people’s revolution due to food shortages January 11 Mt. Etna erupts, Sicily February 6 Royal charter granted College of William and Mary, Williamsburg, Va February 8 William and Mary college is 2nd college chartered in US February 13 College of William and Mary opens June 27 1st sea battle of Lagos: England … Continue reading “UK interest rates cut to 315-year low” | historic headline

Brilliant – the concept of bank has been completely lost. Banks’ crisis of identity leaves depositors in trauma | Financial Times “A bank is a bank,” he wrote, “and, if the security of its depositors is not its main concern, it should be required to adopt another name. The article goes on to say “At present – though this is to change – a UK bank is just another company. As such, its primary duty is to its owners.” Relevance to Bankwatch: There is much there to think on. A bank cannot be just another company. Alternatively a bank cannot … Continue reading “A bank is a bank and, if the security of its depositors is not its main concern, it should be required to adopt another name