Post by Professor Hermione Potter on Jun 2, 2007 23:39:54 GMT -5
Yesterday afternoon, official reports from Gringotts Bank announced a massive drop in profits as the quarterly numbers were published.
The company accounts described a thirty-five percent drop in profit and how, since Gringotts' reopening in April, only one bank vault had been opened. The identity of the vault-holder is obviously confidential, however this is startling news for a bank that used to monopolise Wizarding finance.
Stranger still, Gringotts is still the only Wizarding Bank in Britain, however the London-based building is receiving almost no footfall at all. In fact, sources report that morale amongst employees is low, resulting in only one member of staff regularly attending work each day.
What does this mean for our finances, however?
Unfortunatley, Gringotts' officials were unavailable for comment, but high-flying Wizarding Accountant Thomas Charlestein has said that this is a 'tempestuous and worrying' time for bankers. If Gringotts are to fall into debt, then of course any money in the bank's care is liable to be lost.
Critics blame the recent increase in Wizarding-Muggle activity, however with the capture of a high-ranking 'Unification Alliance' member, this activity has dropped to normal level, but activity at Gringotts is yet to be on the increase.
Minister Dumbledore, a patron who provided Gringotts with funds to refurbish the bank was unavailable for comment also, however his press secetary had this to say: "The Minister will be meeting with Gringotts staff over the next few weeks to discuss how these matters can be resolved."
It is hoped that Hogwarts School of Witchcraft and Wizardry will be able to help in this matter, as sources within the school say that it will soon become compulsory for all staff to have a bank account for funds to be paid into.
The Daily Prophet will of course be following this story over the coming weeks.
-Aleksandar Fall
The company accounts described a thirty-five percent drop in profit and how, since Gringotts' reopening in April, only one bank vault had been opened. The identity of the vault-holder is obviously confidential, however this is startling news for a bank that used to monopolise Wizarding finance.
Stranger still, Gringotts is still the only Wizarding Bank in Britain, however the London-based building is receiving almost no footfall at all. In fact, sources report that morale amongst employees is low, resulting in only one member of staff regularly attending work each day.
What does this mean for our finances, however?
Unfortunatley, Gringotts' officials were unavailable for comment, but high-flying Wizarding Accountant Thomas Charlestein has said that this is a 'tempestuous and worrying' time for bankers. If Gringotts are to fall into debt, then of course any money in the bank's care is liable to be lost.
Critics blame the recent increase in Wizarding-Muggle activity, however with the capture of a high-ranking 'Unification Alliance' member, this activity has dropped to normal level, but activity at Gringotts is yet to be on the increase.
Minister Dumbledore, a patron who provided Gringotts with funds to refurbish the bank was unavailable for comment also, however his press secetary had this to say: "The Minister will be meeting with Gringotts staff over the next few weeks to discuss how these matters can be resolved."
It is hoped that Hogwarts School of Witchcraft and Wizardry will be able to help in this matter, as sources within the school say that it will soon become compulsory for all staff to have a bank account for funds to be paid into.
The Daily Prophet will of course be following this story over the coming weeks.
-Aleksandar Fall
