The bank that does not do a lot (co-op) or outsourcing

Flowers

Flowers

If you cast your mind back you may remember Rev end Paul Flowers, (my blog) his cocaine habit and the rent boy (s) and despite that was in charge of the co-op bank in the UK, despite its left wing bias* its still a bank which is quite an achievement..

If you can get your head around those facts, bankers ok to do drugs, but the priest in charge of a bank, is a good start – your position on the rent boy is something that may depend on where you live (my blog).

News (bbc) reaches the monkey house that the bank is once again is up for sale after another bank** could not sort out the problems so here is what surprised me was this – Quote

Separately, it says it has resolved a key contractual differences with Capita.

Western Mortgage Services, part of Capita, will continue to provide mortgage administration services and new mortgage application processing for the bank and its clients.

Anyhow while outsourcing is not new i am wondering what the staff at the co-op bank did all day it sounds like not much but as most of the problems reported stemmed from there purchase of a building society (not a bank) i guess living the high life means somebody else did the work and damm the numbers as the rent boy comes at 17:30..

A while back there was news story about a child criminal in the uk who got caught after a crime spree and the judge person asked what he wanted to do – his answer was a banker..

Unfortunately i cannot find the item (ret-conned) from the bbc but i do remember laughing at the brazen honesty of the lad from melton mowbray or some place that while crime did not pay banking did.

Bankers and banks come with a perceived image of maths when most of the work is office based.   When an outsourcer runs so much of a bank i wonder if the magic of banking is an illusion.   If i where so inclined it appears that setting up a bank is not as complex as it once was.

*It also trusted trade unions with massive overdrafts ** probably not there fault and this is a bank trying to doi the right thing opposed to say rbs (my blog).

by golly but...

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