A bank's facade, with the word 'CLOSED' in red capital letters. Photo: Photograph from Etienne Martin on Unsplash.

‘The evisceration of the banking system is a social catastrophe.’

Money talks: Clive Ashwin says Quakers should get involved in banking again

‘The evisceration of the banking system is a social catastrophe.’

by Clive Ashwin 5th September 2025

Twenty years ago, when I moved to the charming market town in which I live (population 9,000 and growing), it had three fully-functioning banks, providing counter service, cash, and private offices for more sensitive issues. They were supported by a magnificent, purpose-built Post Office, which, in addition to postal matters, provided some additional financial services. Together, they supported much of the infrastructure of the town, both commercial and social.