From David Eves.
WHILE the world banking system lurches from one crisis to another, utterly broke and beyond repair without assistance from governments with billions and trillions of funds to inject into it, it is surprising that such luminaries as Kevin Keen, the ex-Chamber of Commerce president, and Geoff Cook of Jersey Finance Ltd think that the setting up of a Jersey bank would be a good idea.
Not only that, whoops, hello, out of the blue, coming from nowhere, is Brian Curtis, the chairman of Community Savings and Credit Ltd, saying that we already have a Jersey bank and that it has been in operation for the last 12 years. Who, among the general public, knew that?
Apparently, it has had obscure offices in Conway Street for 11 years and has now disappeared into no man’s land at the town hall, surely a move designed to get depositors flooding in there with their millions!
What Kevin Keen and Geoff Cook don’t seem to realise is that we had Jersey-owned and operated banks like Guarantee Trust of Jersey, Jersey Savings and Loan Corporation, Walford Merchant Bank and Jersey Savings Bank, in the Sixties and Seventies, all of whom disappeared off the face of the earth, either through closing their doors, being taken over or going bust.
Who protected investors’ money then?
The propaganda by the Walker regime that we only let the top 500 banks into the Island is absolute poppycock.
500? Most people would be lucky to name five.
61 La Collette Flats,