Credit unions: Winning converts UK Only Article: 
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japanese dating sims for ipad Credit unions

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source site A venerable form of banking comes back into fashion

friends dating my ex quotes THERE is a proselytising feel to the credit-union movement. Believers talk of a “social mission”: to serve communities, not the false gods of the stockmarket. Today, this creed is winning more converts than ever before. Globally, the number of people in credit unions has doubled since 2000, from 108m to 217m. Savings are up by 130% in real terms (see chart).
Credit unions first appeared in 19th century Germany. Like banks, they took deposits and made loans. But, crucially, they were owned by their members, who shared a “common bond”, such as a profession or place of residence. Earnings were returned to members in the form of better interest rates.

en iyi forex sitesi 2014 In Europe, most of these early institutions evolved into co-operative networks, such as DZ Bank in Germany and Rabobank of the Netherlands, which are still owned by members but no longer serve a particular group. Elsewhere, the requirement for a common bond endures: Partners …

European banks: Banking and nothingness

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Europe’s dithering banks are losing ground to their decisive American rivals

YOU wait ages for a European bank to send a clear signal on its future strategy and then it gives two in as many days—saying seemingly opposite things. On October 11th the chairman of Barclays hinted its investment-banking unit might be flogged to a rival for want of scale. Investors intrigued by the prospect of a simpler Barclays focused on dull-but-reliable retail banking had but a few hours to ponder the prospect. By the next day reports emerged that the same chairman had plumped for a former J.P. Morgan investment banker, Jes Staley, to be the bank’s next boss.
Seven years after the height of the financial crisis, Europe’s large banks still behave as if they are in the thick of the storm. Plans for radical restructurings are shelved before they are even implemented, often accompanied …