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Thursday, October 6, 2011

Banks Caught Charging Fees to Military Veterans

Unfortunately this is yet another example showing how some of the most trusted and respected banking institutions in the United States treat their clients. As a client, I would think twice about working with a bank that has a share price. Number 1 concern is their share price and number 2 is the client. Unfortunately, for the business model to work, the client is many times subject to unsatisfactory service and unnecessary fees in order to generate revenue for the bank. This is not the type of business model that works in the client's fiduciary interest.  

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