Quote:
Originally Posted by Pierre
We need banking services to live In todays society.
Your approach is naive.
You need food to live? What if all supermarkets decided not to sell you food because you did not align with their politics.
What if energy companies, through your smart meter……, decided to stop giving you power because you think a man can’t be a women, or that Putin is not all bad.
And won’t release your meter until you agree with them?
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There's plenty of banks out there. No business should be forced to do business with someone if it damages their reputation. If the business gets this wrong then it will impact their bottom line and the shareholders will replace the management. That's how business works, not through oodles of red tape.
I don't think you're understanding the importance of reputation to certain businesses. In such businesses, where client acceptance procedures are crucial, companies would rather forgo a potential client's business than be tainted by association. You simply don't get that kind of reputational damage as a supermarket where someone does their weekly shop. You do get it if you're cited in a
Sunday Times Insight Team article as the bank processing money from a sanctioned country into a controversial individual's bank account.