4 ms·

You realize that banking is a highly regulated industry and that their customers are insured for these events?

• toast0 5y ago
  Customers don't lose money from theft directly (assuming it's theft of bank cash, not theft of deposit boxes), because the theft is replaced from bank capital or insurance or whatever. But it increases the cost of operating the bank, either directly or through higher insurance premiums, which eventually gets passed to customers in lower interest on deposits and higher interest on loans, or higher fees.
  • rjbwork 5y ago
    Or, as most banks are for profit institutions, as lower profits for shareholders.