Making Change by Moving Your Money
Bank Transfer Day was this past weekend. Even now, people around the world are looking at their bank account thinking, maybe I dont want my money with these guys. What are the alternatives? Many will say “all banks are the same” as a way of justifying not doing anything. But what a little investigation can easily reveal is that not all banks are the same.
In the US much of the focus is on community banks and credit unions. In Europe, in the Netherlands for example, we have two small banks that are known for their dedication to transparency and sustainability. And now more then ever, as people flock to occupy more spaces to express their disgust and frustration with the global financial system, there is great interest in expressing your dissent by moving money from the big banks to the small sustainable banks.
My guest is James Vacarro, head of Investment Banking for Triodos UK. If you’ve never heard of Triodos or perhaps you’ve only heard a few things about Triodos, give this program a listen. James and I talk about where we stand in this world when it comes to banks, the real impact if moving money, and how the occupy movement is actually very relevant when it comes to pressuring banks and creating initiatives like sustainable banks. For those who have been asking what impact the occupy movement could possibly have on the financial sector- this podcast will give you an answer.