alt Hacker Newsyes, obviously all of the bank's money comes from consumers. what other scenario do you see where a bank(etc) "eats the loss" but the money somehow comes from somewhere else
Replies
themafia • yesterday at 10:19 PM
If the rate of fraud reduced bonus payments to executives.
While it may be obvious to you that your fees include covering all the banks losses to fraud, I think that most people assume the bank makes less profit or something due to such incidents, when the truth is they just raise their prices to maintain profits.