|Branches remain available because that is how retail banking products - such
as current accounts, savings accounts and mortgages - are signed up for in
Not any more for most products(at least in the UK). The Internet
and cold calling are the main ways of selling such things.
how would they be able to explain the product to the level required by law, and
obtain a reliably signed contract from the consumer customer?
As for the bonuses, they are going to the people at the top of the
Some of them are, a lot of them aren't and the
tabloids and their more rabid followers are not averse to condemning "bankers
bonuses" regardless of where in the organisation the recipient sits or whether
he/she or his/her bank were in any way involved in the causes of the
They have no control over the policies they are given to
Agreed, but they are still often tarred with the same brush
when they are awarded their (modest) bonuses when they do a good job
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