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News > UK >

Be socially useful, Welby tells banks

Ed Thornton

by Ed Thornton

Posted: 02 Nov 2012 @ 12:51

THE Government should support only banks that "have a clear and explicit social value", the Bishop of Durham, the Rt Revd Justin Welby, said last week.

Speaking to financiers in Zurich last Friday, Bishop Welby, who is a member of the Parliamentary Commission on Banking Standards (News, 20 July), said: "In the same way as the ruins of Coventry Cathedral were turned from a hideous symbol of destruction to a symbol of hope of resurrection, of peace, and a new form of civilisation, so ...

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