Bank Charges.. Only One Possible Outcome??

Soldato
Joined
31 Dec 2005
Posts
11,179
Location
Glasgow
If the consumer banking business stops becoming profitable, because they can no longer enforce charges and no-one will pay for banking fees, one option open to the banks will be to just exit the market. HSBC et al already make a lot of money in the investment industry, and are under no obligation to compete in the consumer industry.

All that is true. All phenomenally unlikely but still possible. Government would step in anyway. They still generate enough profit from the consumer side of things. (not huge, monstrous levels but enough for their fat cats to get by)

i tend to think of it like a service - if there is a demand for the service then it will exist.

But its about as likely as them admitting in the test case that "yeah we were ****** over all the customers and we are very sorry and every penny will be paid back to each and every customer."
 
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