Baseman posted:Gilbakka posted:Lower profits, stiffer laws cause abandoning of bank branches:
What was I saying all along? These matters are all related. Only the dull and uninformed does not understand the connectivity but they love prattling their myopic dunceness! Risk of non-compliance has gone up dramatically!
“These banks consider doing business in these states not profitable anymore; not that it’s not making profits but it’s not profitable for them to continue because the risks have increased dramatically. They have to contend with this form and this regulation and that regulation. They have FATCA to deal with, they have anti-money laundering regulations and so forth to deal with so they don’t consider our territories to be profitable,” Jordan told the House in wrapping up debate on Guyana’s 2019 National Budget...
Ohh rass man, why you had to get complicated about this? Its easier to just blame PNC for driving them out. Even if it is not their fault, they deserve the blame, just as you used to blame PPP every time a blackman stump he toe pre 2015.