The British Bankers Association, according to the American Banker newspaper, is appealing to the British government for a solution to a heavy problem.
As September 1, 1990, comes closer, there is still scrambling going on in Washington, D.C. over the final form of Regulation CC.
There is an old saying about bankers that goes something like:
"Charge 'em six percent, pay 'em three,
In the office by nine, on the golf course by three"
For over two hundred years, messengers and couriers in London, England have settled money market transactions between financial institutions by walking from one to the other.
Of all the articles in the first five issues of the BANKERS' HOTLINE, the subjects that have produced the most response from readers are mock holdups, and charging for levies.