Comment Re:You are not the customer (Score 1) 550
This is also the same for banks, insurers and other financial institutions. The traditional customers are not the customers anymore, the shareholders and investors are.
As far as the average joe goes, there seems to be no compitition in the banking industry. Across the board fee's are high, service is poor, and interest on savings is virtually nonexistent...
I remember a Current affairs program in Australia that did a test where they opened and account at each of the 4 major bank in Australia. Over the period of a year they withdrew and redeposited a certain amount of money each month and watched the balance shrink.
As far as the average joe goes, there seems to be no compitition in the banking industry. Across the board fee's are high, service is poor, and interest on savings is virtually nonexistent...
I remember a Current affairs program in Australia that did a test where they opened and account at each of the 4 major bank in Australia. Over the period of a year they withdrew and redeposited a certain amount of money each month and watched the balance shrink.
