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Business & Economics Banks & Banking

Fleeced

Canadians Versus Their Banks

by (author) Andrew Spence

Publisher
Sutherland House Books
Initial publish date
Sep 2024
Category
Banks & Banking, General, Theory, Free Enterprise, Financial Engineering
  • Paperback / softback

    ISBN
    9781990823992
    Publish Date
    Sep 2024
    List Price
    $19.95

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Description

Infuriating customer service.

Chequing accounts that demand exorbitant fees.

Credit cards that charge outrageous rates of interest.

Mutual fund expenses that torpedo your investments.

Loans departments that refuse to support Canada’s small businesses.

These are just a few of the many ways chartered banks abuse their dominant position in the Canadian financial system. Fleeced: Canadians Versus Their Banks is a stunning exposé of the inner workings of our six major banks, demonstrating how they are set up to avoid competing with one another, squeeze their customers, evade risk, stifle innovation, and produce staggering profits that enrich bank executives and shareholders—all to the detriment of the broader Canadian economy.

With clarity and wit, Andrew Spence, a veteran financial services executive, excoriates not only the banks, but the regulators and politicians who refuse to stand up for consumers and initiate urgently needed reforms of Canada’s costly banking system.

About the author

ANDREW SPENCE is an independent financial consultant and economist. Andrew has extensive experience in banking at both Canadian and global banks. He was an institutional investor executive at two of Canada's largest pension plans and a special adviser to the governor of the Bank of Canada.

Andrew Spence's profile page