I_like_cats to 196@lemmy.blahaj.zone · 2 年前Deadname ruleexternal-linkmessage-square38fedilinkarrow-up1432
arrow-up1432external-linkDeadname ruleI_like_cats to 196@lemmy.blahaj.zone · 2 年前message-square38fedilink
minus-squaremy_hat_stinks@programming.devlinkfedilinkarrow-up2·2 年前Ironically enough it’s the opposite. Banks answer to shareholders, building societies answer to its members. Building societies compete with banks, if they’re unheard of in the US that certainly does explain the state of the US banking system.
minus-squareFakeGreekGirl@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up2·2 年前We don’t have building societies in the US, but we do have similar institutions called credit unions.
Ironically enough it’s the opposite. Banks answer to shareholders, building societies answer to its members. Building societies compete with banks, if they’re unheard of in the US that certainly does explain the state of the US banking system.
We don’t have building societies in the US, but we do have similar institutions called credit unions.