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19
Oct

No More Free Banking – The New Normal

Posted by Susan Mitchell (0) Comment

The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at historic lows. That makes it harder for banks to charge high rates on loans.

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Category : Banking News | Blog
8
Dec

Why Free Banking Is A Myth

Posted by Susan Mitchell (0) Comment

The myth of free banking was exploded yesterday, with industry bosses admitting customers were being charged by stealth.

Banking chiefs conceded to MPs that the typical current account holder was paying for services – but said it was only the price of a cup of coffee every week.

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Category : Banking News | Blog