Now, square that with all the seemingly petty fees, the annoying ATM charges, the aggressive sales tactics, and in some cases sales people breaking the law. Put together, you can see how the banks make such a mountain of money. You can also see why so many Canadians love to hate them.
Tuesday, December 5, 2017
PROFITS OF CANADIAN BANKS
It's a staggering sum of money. So huge it's hard to get your head around. The Royal Bank of Canada made nearly $11.5 billion in profit over the past year. That's profit. Royal is tops, but the other banks are no slouch in the profit department either.
Now, square that with all the seemingly petty fees, the annoying ATM charges, the aggressive sales tactics, and in some cases sales people breaking the law. Put together, you can see how the banks make such a mountain of money. You can also see why so many Canadians love to hate them.
Now, square that with all the seemingly petty fees, the annoying ATM charges, the aggressive sales tactics, and in some cases sales people breaking the law. Put together, you can see how the banks make such a mountain of money. You can also see why so many Canadians love to hate them.
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