States made banks mandatory. There is no payroll on hand or door-to-door receipts. 50 years ago, yes. Those who forget are remembered without nostalgia, those who ignore are informed. With direct debit, companies are freed from the risk of transferring funds through offices and portals, staff responsible for physical payments, and crowds of collectors.
For 20 years, governments wanted everything on banknotes to be to prevent tax leaks…
(I’m coughing, sorry.)
… which makes everyone a customer of the bank. The customer is what remains at the other end of the shareholder. In the banking food chain, the customer feeds the shareholder. We are a school of fish run by sharks. And there is something worse than being a mandatory customer: not being able to. The confusion is so great that this is why they were paid for their crisis with public money, and they and I were paid, free, rich.
I forgot when people felt privileged to go to the bank; The false egalitarian idea that emerged after the general scam in 2008 that information should be transparent and that the signer should give informed consent is still in effect, in the new phase the customer doesn’t matter at all. He has to be there and there’s no need to even give him a place to go as he has nowhere to go, so they take his office face-to-face. There is no bank that competes for the captive customer, does not benefit him with deposits, avoids arbitrary commissions or a rate that makes the offer more attractive.
The European Central Bank recommends that banks pass on the special tax that the government wants to put on them to customers. I collect and you pay: pure banking logic. Despite high inflation and low taxes, no banks discussed it. Banks exist to make money, workers exist to work. It is up to the State to be determined and find a way to pay their share as the biggest beneficiaries of a society they do not like to reciprocate.
Source: Informacion
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.