The Globe and Mail reposted this
*MEDIA CALLOUT* - It’s rare but it happens: Your bank closes your account with minimal warning. There is no explanation as to why and no way to appeal the decision. If this happened to you or someone you know, my colleague Alexandra Posadzki and I would love to hear about it. Please reach out via DM or email - [email protected] We'd also appreciate you sharing this post on your feed -- we need as many eyeballs as possible. TIA!
Frank Sterle
4w
The more the banks make, all the more they want — nay, have — to make next quarterly. It's never enough. Corporate officers will shrug their shoulders and state their job is to protect shareholders’ bottom-line interests. The shareholders will also shrug their shoulders while defensively saying they just collect the dividends and that the big bosses are the ones to make the moral and ethical decisions. It really does seem there's no human(e) or moral accountability when big profit is involved; nor can there be a sufficiently guilty conscience if the malpractice is continued, business as usual. 'We are a capitalist nation, after all,' the self-justification may go. Still, there must be a point at which corporate greed thus practice — where already large corporate profits are maintained or increased while many people are denied even basic shelter/income — will end up hurting big business’s own monetary interests. I can imagine that a healthy, strong and large consumer base — and not just very wealthy consumers — are needed. Or is the unlimited-profit objective/nature somehow irresistible? It brings to mind the allegorical fox stung by the instinct-abiding scorpion while ferrying it across the river, leaving both to drown.
Trish Noble
1mo
I have messaged and emailed! 🌻🌻
Owner, Black Hawk Consulting Inc
1moA friend of mine had this happen to him 25 year rbc client , no credit issues at all 15k in bank acct. got a letter clueing his account with no reason given .