On June 7, a committee of federal M.P.s heard testimony from ex-bank workers about how all of Canada's top banks pressured them to get results by foul means or worse. They were forced to hit unreachable goals, coax clients into raising their credit card limits, offer mortgages beyond what the customers could afford and in general sell unnecessary products and services in order to increase revenues and meet very high sales targets.
According to Sally Watson, a Scotia bank worker for 33 years,'' It is absolutely profit before anything else. It has nothing to do with servicing the clients''.
At the time of writing it is not known what the outcome of the enquiry will be, but it is pointless telling the banks to clean up their act when the very nature of capitalism breeds dishonesty.
Steve and John.
No comments:
Post a Comment