Central Banking

Gay online bank shuts down

US - The first online bank aimed at the gay and lesbian community in the US is to close after admitting it could not make a profit in the current economic climate.

The board of the Florida-based G&L Bank voted to dissolve the bank, but said its finances were sound and savers' deposits were not at risk.

"The G&L Board of Directors and management have made difficult decisions in order to ensure a return to investors, something that has not always happened with the closing of other internet comp

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