When it involves accounts and money, all of us kind of face the identical deal; unhealthy charges, extra fees we had no concept about and lengthy procedures. According to the Kehrer examine the distinction in fixed annuity sales may be attributed to the fact that credit score unions are nonetheless struggling to embrace Platform Programs the place licensed staff are trained to sell mounted annuities and mutual funds.
The banks argue, appropriately, that they must pay taxes, so the enjoying subject isn’t degree, and it should be. The other argument on the banks’ side, though nowhere close to as compelling as the tax issue, is that over the last two years, bank regulators have been beating up on banks to set aside more mortgage-loss reserves and strengthen their steadiness sheets.
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