Comments: Church Commissioners share in purchase of bank

Excellent news. Putting their money where their mouth is. Unfortunate then that I have today moved my bank account to the Nationwide because of ongoing concerns about the seemingly ethically compromised future of the Co-op.

Posted by Richard Ashby at Friday, 27 September 2013 at 4:54pm BST

Should it not be 'Welby & Glyns' bank rather than 'Williams & Glyns'?

Posted by Graham Kings at Friday, 27 September 2013 at 6:32pm BST

"Should it not be 'Welby & Glyns' bank rather than 'Williams & Glyns'?" Graham Kings

I'm sending that to Private Eye's OBN.

Posted by Laurence Cunnington at Friday, 27 September 2013 at 10:50pm BST

Last Sunday's Gospel has a word that might be considered appropriate in these circumstances:

"And so I tell you this, use money, tainted as it is, to win you friends, and thus make sure that when it fails you, they will welcome you into the tents of eternity........" - Luke 16:9-13

Posted by Father Ron Smith at Friday, 27 September 2013 at 11:49pm BST

This is excellent, and a small enough investment not to be an excessive risk.

Good to see the Church Commissioners making a practical difference visible to the wider society.

What do the ethical investment puritans say about banks?

Posted by Matt W at Tuesday, 1 October 2013 at 8:12am BST

I would say, Fr. Ron, that, as long as you can be absolutely certain *you* are strong enough not to be tainted by the money, that's just fine.

I've just never known any person, community, still less any organization, that isn't completely overwhelmed by its corrupting ability once it's given an "in."

Posted by MarkBrunson at Thursday, 3 October 2013 at 4:51am BST
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