Welsh Council May Set Up Own Bank

Summary


A WELSH council is considering setting up its own bank in the wake of the crisis affecting the financial system.

Ceredigion County Council would be the first local authority in Wales to take advantage of longstanding powers available to municipalities across Britain.

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Extract


Welsh Council May Set Up Own Bank

Council leader Keith Evans said: "We were very interested when we heard that two much bigger local authorities in England - Bi...

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