May 31, 2013

Switching to small banks could help save the economy, expert says

Supporting smaller banks could help the UK recover from the current financial crisis, a  management expert will argue at a House of Commons event next week.

Professor Martin Parker, of the University of Leicester’s School of Management, will explain why backing “mutual” institutions, such as credit unions, small building societies, ethical and community banks should be considered a viable alternative to pouring millions into “too big to fail” big banks.

He will give his views at a House of Commons event exploring “The Role of Mutuals in Retail Financial Services” on Tuesday, June 4.