Leay Bank: Difference between revisions
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===History=== | ===History=== | ||
Founded in 1978 by entrepreneur Michael Leay, the bank fell out of favor with St. Osyth's Church, the bank's northern neighbor, due to its unethical lending practices. In the late 1980's Leay sold his shares in the bank to pursue lucrative silicon industry start-ups, leaving the bank in the hands of its former chief operating officer Connor Grove. | |||
The bank began to institute an innovative concept of high-risk/high-reward loaning with the threat of default being counteracted with a high interest rate. The ministry at St. Osyth's objected on moral grounds, leading weekly protests on the bank's sidewalk. To intensify the situation, the community lender AcMas created a regional hub with Pring Bank. Faced with plunging revenues, Groove hedged the bank's capital on high risk assets, hoping they would pay off in jackpot like amounts. Instead the bubble burst, turning Leay Bank's assets toxic. Shortly before the outbreak the bank declared bankruptcy and was closed down. | |||
An exclusive brothel masquerading as a gentleman's club was planned for development in the abandoned lot, but the quarantine on Malton has halted construction for the moment. | |||
===Barricade Policy=== | ===Barricade Policy=== |
Latest revision as of 18:47, 14 May 2011
Leay Bank |
Leay Bank
Mornington [16, 67]
Basic Info:
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Leay Bank
Description
History
Founded in 1978 by entrepreneur Michael Leay, the bank fell out of favor with St. Osyth's Church, the bank's northern neighbor, due to its unethical lending practices. In the late 1980's Leay sold his shares in the bank to pursue lucrative silicon industry start-ups, leaving the bank in the hands of its former chief operating officer Connor Grove.
The bank began to institute an innovative concept of high-risk/high-reward loaning with the threat of default being counteracted with a high interest rate. The ministry at St. Osyth's objected on moral grounds, leading weekly protests on the bank's sidewalk. To intensify the situation, the community lender AcMas created a regional hub with Pring Bank. Faced with plunging revenues, Groove hedged the bank's capital on high risk assets, hoping they would pay off in jackpot like amounts. Instead the bubble burst, turning Leay Bank's assets toxic. Shortly before the outbreak the bank declared bankruptcy and was closed down.
An exclusive brothel masquerading as a gentleman's club was planned for development in the abandoned lot, but the quarantine on Malton has halted construction for the moment.
Barricade Policy
Current Status
This page, Leay Bank, is a locations stub. Please help us to improve the wiki by contributing to this page. Be sure the following information is added to the page: coordinates, suburb, 9 block map (or 16 block map for large buildings), description, barricading policy, and history. Please refer to the Location Style Guide. |