Interesting aside in the

[ALB]

Interesting aside in the report in yesterday’s London Evening Standard on the handing over of some Lloyds Bank branches to the Co-op Bank:

Quote:

If done well, banking is a dull affair, a bit like central heating. You try to use it as little as possible, but it never fails when you need it. It used to be called 3-6-3 banking (pay interest at 3%, charge interest at 6%, hit the golf course at 3pm)

This contrasts with the currency crank theory that it should be called 0-6-3  banking (create money from thin air, charge interest at 6%).