this post was submitted on 16 Aug 2024
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Banks Are Now Accused of Cheating Customers Billions (franknez.com)
submitted 3 months ago by bot@lemmy.smeargle.fans to c/hackernews@lemmy.smeargle.fans
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[–] The_Che_Banana@beehaw.org 2 points 3 months ago

The SEC’s probe is aimed at uncovering whether this was a deliberate strategy by the banks to boost their own profits at the expense of their clients

Uhhhhhh...thats what banks do? Right? I mean, they wouldn't exist if they couldn't manipulate you out of your money, keep your money, create rules so they get more of your money?