exactly. UK has fierce banking competition and you have so many digital banks that compete with the brick and mortar and beat them on pretty much everything except for not having actual branches. It's the closest you can be to being happy with..banks :)
Then you go to Greece and you pay exorbitant transaction fees for everything. 3E for any incoming transfer, regardless of amount. 10-15E to transfer 10k between banks in the country. Sky high interest rates for lending, unreasonable guarantee requirements and it's still really hard to get a loan.
And then you get 0.25% for saving accounts. e-banking that may be pretty looking but a shame functionality wise.
And you only have 4 banks (+1 zombie bank).
The bankers are still making bonuses like it's 2007 and the public is funding them with transaction fees. The traditional banking business model of making money from the spread between lending and savings rate is pretty much dead.
I can't believe there can be any other country worse than Greece in the EU. Change my mind =)
As I grow older I witness that the people that built the computing industry are slowly but surely fading out.
The next generation now stands on their shoulders and keeps on building the next generations of computing.
Thank you Gordon Moore. RIP.
McK will bill $3 million, the 23 year old may get at best same as your $100k salary. Which makes everyone feel sour, esp the youngster for getting 3% of what their boss charged the client...!
Then you go to Greece and you pay exorbitant transaction fees for everything. 3E for any incoming transfer, regardless of amount. 10-15E to transfer 10k between banks in the country. Sky high interest rates for lending, unreasonable guarantee requirements and it's still really hard to get a loan. And then you get 0.25% for saving accounts. e-banking that may be pretty looking but a shame functionality wise. And you only have 4 banks (+1 zombie bank). The bankers are still making bonuses like it's 2007 and the public is funding them with transaction fees. The traditional banking business model of making money from the spread between lending and savings rate is pretty much dead.
I can't believe there can be any other country worse than Greece in the EU. Change my mind =)