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I've got to disagree on the banking consolidation. In 1986, I got accounts with MegaBank and Colorado National Bank. By 2000, CNB was part of US Bank and they b
by bediger4000 3y ago
I've got to disagree on the banking consolidation. In 1986, I got accounts with MegaBank and Colorado National Bank. By 2000, CNB was part of US Bank and they became so bound by policy that the tellers could do nothing. MegaBank got bought and bought again and ended up as part of BBVA, which got busted for ordering customer transactions to maximize overdraft fees.
I am now a dedicated credit union customer.
- panick21_ 3y agoI didn't say bank consolidation is always good. I gave a specific example about banks from 1830ish to 1930ish, and the consolidation during the Great Depression. I didn't make that clear.