The Lending Policy of National Westminster Bank and Royal Bank of Scotland

I came across a case which illustrates perfectly the problems that the banking industry is continuing to cause in our economy. It is better neither a borrower nor a lender be, not just because borrowing can ruin friendships and distort them, but because borrowers in effect put themselves in the hands of the lenders and while those hands may be safe for a time eventually the lender’s greed ruins the borrower. What follows is a true story. Continue reading