Big banks have done lots moaning lately. Every day, it seems, bankers are boo-hooing about financial regulations cutting into their profits. The bigger the bank the louder the sobs.
To replace lost revenues banks are charging new fees and eliminating services that previously were free. Sometimes the new fees spark a hail-storm of protest and the banks back off. Like last year’s failed debit card fee.
But are the banks really as bad off as they want us to believe?