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UK Banks Want to Charge Customers for Accounts

This is nuts. UK banks want to charge customers for the privilege of handing over their money and letting banks gamble it in the global derivatives casino.

From the Telegraph:

A groundswell of support for change is understood to be gathering among the authorities. The Treasury’s advisers on the Independent Commission on Banking and the Office of Fair Trading are said to be also backing the proposals, alongside the treasury select committee and financial regulators.

Britain [...]

May 25th, 2012 | Tags: Banking Sector, Barriers To Entry, Compensation Risks, Cross Selling, Current Account, Equivalent Models, Favour, Financial Regulators, Free Banking, Global Derivatives, Groundswell, Independent Commission, Intermediaries, Lenders, Privilege, Retail Banking, Stealth, Telegraph, Treasury Select Committee, Uk Banks | Category: All | Leave a comment


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