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The end of free banking

Banks are arguably not the most popular service providers as many of their customers believe they are money-making machines that exploit their dominance in the market. However, there is another side of the coin, as regulation, consumer protection legislation and technology are making the running of banks an expensive venture.

When HSBC announced that companies banking with them have to pay a maintenance fee of up to €360 a year, businesses, understandably, were disappointed. The bank defended its decision saying the cost of providing banking services went up, r…
Banking Industry News

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