Posts tagged ‘Sir Hector Sants’

The Archbishop, the banker and the loan shark

“The Most Rev Justin Welby has approached Sir Hector [Sants], who also led the Financial Services Authority throughout the financial crisis, to drive payday lenders such as Wonga out of business and create a new way of thinking about finance.”

Driving the poor into the arms of loan sharks by shutting down legitimate lines of credit hardly seems like a ‘new way of thinking about finance‘…