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. Sign up for our weekly email * 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 from just £1 per issue More Related articles Jeremy Corbyn has found a vulnerable spot on Theresa May and trade Politicians are worried that their pensions are destroying the planet. Is yours? Nap Store: Where did all these new mattress start-ups come from?