The Big Six banks will fleece you – if you let them - GIC Wealth Management

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FYI/Blog The Big Six banks will fleece you – if you let them

The Big Six banks will fleece you – if you let them

A federal agency has stripped away any remaining pretense that banks are trustworthy providers of advice, assistance, guidance, help or anything else along those lines.

The Financial Consumer Agency of Canada said in a report issued Tuesday that the corporate culture at the Big Six banks is sharply focused on selling products and services, and that there are insufficient controls in place to protect clients from aggressive sales practices.

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https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/the-big-six-banks-will-fleece-you-if-you-let-them/article38312949/?cmpid=rss1