I_like_cats@lemmy.one to 196@lemmy.blahaj.zone · 1 year agoDeadname rulelemmy.oneimagemessage-square38fedilinkarrow-up1424arrow-down10
arrow-up1424arrow-down1imageDeadname rulelemmy.oneI_like_cats@lemmy.one to 196@lemmy.blahaj.zone · 1 year agomessage-square38fedilink
minus-squaremy_hat_stinkslinkfedilinkarrow-up2·1 year agoIronically 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-up2·1 year agoWe 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.