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I'm still amazed that a customer-focused bank doesn't run away with the other bank's lunch... (at least here Uruguay/SA) I guess the barrier of entry is just t
by GFischer 16y ago
I'm still amazed that a customer-focused bank doesn't run away with the other bank's lunch... (at least here Uruguay/SA)
I guess the barrier of entry is just too damned hard. I know I'm in a defeatist mood whenever I have to do business at a bank (and heaven forbid if it is a state-run bank - those have some convenient "soft" credits but so much bureaucracy that I'm seriously thinking an extra half percentage point can't be too bad in exchange for this bureoucratic hell)
- brandnewlow 16y agoIs it a case of banks' customers not being who you think they are?
- GFischer 16y agoYou're probably right. Maybe it would be nice that there was a bank where the customers were us salarymen. OTOH they probably already exist - there are lots of pseudo-bank financial institutions over here (basically lending co-ops) with very flexible working hours, and awfully big interest rates, but they only provide some of the bank's services (short-term lending at those abusive rates mostly), you don't get stuff like mortgages, car buying credits, savings accounts, or investment opportunities (even though they might make a great place to get good interest since they're lending money at such a big interest rate).