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Their only access to finance is the local clearing bank.
Moreover, the bank could well be described as a clearing bank with a social conscience but without the philosophy, indeed the powers, of risk-taking.
For too long, the clearing bank cartel has been left untouched.
Individual applications are assessed by the agency concerned and the clearing bank supporting the relevant fund.
Nobody would suggest that the reputable clearing bank involved had acted in anything other than good faith.
I am an executive director of a clearing bank, and a shareholder in that bank.
This has enabled the sterling area like the clearing bank to ensure that all the money in the system was made to do its work.
Indeed, a major clearing bank has already refused to lend one constituent money on the security of his house to develop his private firm.
We should not readily discard that tradition in favour of creating just another clearing bank, because that is all we are doing.
Who will bear the transaction costs of the collection of benefit from the post office when it goes via the clearing bank?
The clearing bank figures for advances for the last three months show a reduction of £108 million.
I have been asked whether a bid from a clearing bank or a large building society would be acceptable.
If people deposit in a secondary bank, they will obviously receive a much higher rate of interest than if they deposit in a clearing bank.
I believe he was astonished when the clearing bank debited it to his account.
He asked whether we should be able to retain our freedom on clearing bank cash reserve ratios.
