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Quote du jour, the importance of being a bank

HM Revenue & Customs either has a very one-track mind or an especially dismal outlook on banks.

From the department’s newly-released code of practice for the banking sector:

Related links:
Banks face voluntary tax code - FT
Barclays, an artist’s rendition - FT Alphaville
A slow motion implosion at Barclays - FT Alphaville