Economy
Our money is their profit machine: Banks' illogical equation
The raw material from which banks produce profits is the public's money, in deposits and checking accounts. Usually, businesses pay for raw materials, but banks managed to get them completely for free. 270 billion shekels of public money currently remains in checking accounts, and the banking supervisor must intervene.
· Source: TheMarker. Photo as published in the article
The raw material from which banks produce profits is the public's money, in deposits and checking accounts. Usually, businesses pay for raw materials, but banks managed to get them completely for free. 270 billion shekels of public money currently remains in checking accounts, and the banking supervisor must intervene.
