He says:
But America’s biggest banks, behaving in a pretty cartel-like manner, have nearly all abolished it in unison. Two years ago, 96% of them had free checking; now, only 35% do.
Tuesday, August 30, 2011
Want free checking? Stay away from big banks.
Felix Salmon has a piece today (see here) about the extent to which big banks have forgone free checking accounts (see graph below, click to enlarge).
He says:
But America’s biggest banks, behaving in a pretty cartel-like manner, have nearly all abolished it in unison. Two years ago, 96% of them had free checking; now, only 35% do.
He says:
But America’s biggest banks, behaving in a pretty cartel-like manner, have nearly all abolished it in unison. Two years ago, 96% of them had free checking; now, only 35% do.
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