The Anonymous Widower

Andrew Haldane On Peer-to-Peer Lending

This quote from Andy Haldane, a director of the Bank of England in the Independent is very ominous, if you’re a banker.

The mono-banking culture is on its way out. Instead, we are seeing a much more diverse eco-system emerging with the growth of new non-bank groups offering peer-to peer lending and crowd-funding.

Few are going to be upset, if more bankers are out of a job.

December 20, 2012 - Posted by AnonW | Finance | Banks, Peer-to-Peer Lending, Words