Traditionally, the local bank engaged in a “trust relationship.” It promised to invest your savings wisely, taking only the most prudent risks. To convince you of its sincerity, it spent a lot on a fancy building, telling customers: we’re no “fly by night” operation. It sponsored the Little League team and the Girl Scouts, spreading community roots deep and wide. Employee comportment: polite but boring, under the shadow of engraved plaques noting how many long years the bank had been in town, behaving itself. Full article available at ft.com. http://www.ft.com/intl/cms/s/0/ac353f1e-1052-11df-841f-00144feab49a.html. Also available by [PDF Download] on Prof. Hazlett’s faculty profile.