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What you think? http://online.wsj.com/article/BT-CO-20130730-705372.html http://online.wsj.com/article/BT-CO-20130730-705372.html Banks here are breaking thei
by speeder 13y ago
What you think?
http://online.wsj.com/article/BT-CO-20130730-705372.html http://online.wsj.com/article/BT-CO-20130730-705372.html
Banks here are breaking their own profit record for several years in a row, while the economy is almost in recession (last year 0.9% in growth, inflation currently 6.7%, also credit card rate is around 450% year.
Last time I had to take a loan with the bank (instead of temporary negative balance) I paid 100% on a 6 month loan.
The negative balance pays 10%/mo of your current balance (thus if you never repays it, you get a rate of 300% year)
EDIT: "what do you think?" is a real question, I don't have data on other countries to know how much loan banks profit there.