Politics 23 April 2013 Archbishop clarifies on bankers: "They do not come in with horns and a tail burning £50 notes to light large cigars" Business quote of the day. Print HTML The Archbishop of Caterbury, who sits on Parliament's banking standards commission, said at a Bible Society-organised event at Westminster that he had found bankers "not nearly as bad as one hoped that they would be". "They do not come in with horns and a tail burning £50 notes to light large cigars," he said. The problem, he said, had been "slightly unsophisticated" errors, lending "very, very large amounts of money to people who could not pay them back". "Those two errors alone are quite enough to bankrupt any bank." He suggested the solution lay in reconnecting the bank with the community, and that "at least part of the banking system should be local". › Morning Call: pick of the papers Photograph: Getty Images Subscribe More Related articles We are heading for the next recession – it's crucial the right people are in charge Five years of profitable themes and stocks… Chinese loan sharks are using nudes as collateral. Is this the grim future of revenge porn?