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One example that came immediately to mind, as I remembered reading about it years ago: https://news.ycombinator.com/item?id=20545276 https://news.ycombinator.c
by CaliforniaKarl 4y ago
One example that came immediately to mind, as I remembered reading about it years ago:
https://news.ycombinator.com/item?id=20545276 https://news.ycombinator.com/item?id=20545276
Safe Deposit Boxes Aren't Safe (nytimes.com)
234 points by rafaelc on July 28, 2019 | hide | past | favorite | 143 comments
One important quote from the article:
“All of the major national banks would prefer to be out of the safe-deposit-box business,” said Jerry Pluard, the president of Safe Deposit Box Insurance Coverage, a small Chicago firm that insures boxes. “They view it as a legacy service that’s not strategic to anything they do, and they’ve stopped putting any real focus or resources into it.”