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26 September 2008


News round-up - preview
Banking and BYM
The financial turmoil in Britain’s banking sector has touched upon Britain Yearly Meeting (BYM)

  • The cash held by BYM for investment purposes, totalling £2
  • 8m, is held in Birmingham Midshires, a subsidiary of troubled banking group HBOS
  • HBOS has recently agreed to merge with Lloyds TSB, following concerns about its future

  • The issue has been considered by Quaker Finance and Property Central Committee (QFaPCC), which at its last two meetings discussed where the investment cash is deposited


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