Letter: No bank credit

I AM surprised that Sir John Quinton, chairman of Barclays Bank, (Letters, 13 September) was 'surprised - and saddened' by the general view of banks and their relations with clients, especially small businesses.

Overdrawn customers subsidise the rest? Funny, I thought those in credit provided banks with collateral for speculations elsewhere. Or am I old-fashioned? How is it that banks now propose also to charge them?

Equally, I thought banks who lent money to those who were overdrawn charged for it]

Richard Austin

London E8