The death of trust in the banking system
OK,
so the UK is now officially in recession – so what?
We’ve been here before, and we are probably in a
stronger position than before. In their attempts to
compete and secure market share, banks have forgotten
their remit to protect customer money. Staff were
provided with incentives to sell financial products,
irrespective of the customer’s ability to pay or
their need/understanding of the product. Cheap credit
and low interest rates encouraged people to spend
more and save less. Read
More...
|