Banking is necessary, bank are not. Here’s the proof.
- March 24, 2018
- Bob Quinn
This morning I ask who you admire. In the business world, who are your heroes? For me, it’s people who have the ability to come up with a completely new approach to something that has evolved in a certain way and which seems sacred or unassailable. Let me tell you about two young guys who are challenging banking as we know it.
Rabodirect’s withdrawal from the Irish market is bad news for depositors
This week I lament the passing of Rabobank, technically the most secure bank given its financial rating. Whether you had money on deposit with Rabo or not, its departure on 16th May puts the security of the remaining Irish banks in the spotlight. Let’s assume you have not given too much consideration to an Irish bank going bust. What are the consequences for you? Read on.
Are you going to end up old and broke?
If you’re impacted by the snow this week, here’s a read to keep you occupied. We explore the issues with living too long – yes, you heard me correctly. Have a read and let me know if you know of anyone that has been faced with the challenges I outline.