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Do traditional banks protect customer interests? They may now after being forced to, but the UK government is deregulating the banking sector considerably to tr
by mathieuh 4y ago
Do traditional banks protect customer interests? They may now after being forced to, but the UK government is deregulating the banking sector considerably to try and avoid losing even more face by London losing financial capital status, and I would not be surprised at all if we see banks taking stupid risks/being wilfully negligent again.
Let’s not forget that these regulations they’re getting rid of came about after 2008, when banks had to be bailed out by taxpayers around the world.
As they say, what causes more damage, the founding of a bank or the robbing of a bank?
- eximius 4y agoI think it depends on the part of the organization. The teams managing the money-handling-software care very much about protecting your cents. The product managers inventing new fees do not.