Bank's scam processes not 'fit for purpose'
Alison Grade is worried she cannot pay her staff's wages after her bank failed to resolve scam.
BBC News
Bank
Financial institution which accepts deposits
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans, mobilising saver surplus to deficit spenders. Lending activities can be directly performed by the bank or indirectly through capital markets.
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