Fair Economics by Irene Schoene
Author:Irene Schoene
Language: eng
Format: epub
ISBN: 9780857843104
Publisher: UIT Cambridge Ltd.
9.5.3. Banking – a typical service
Banking is a service, a process between a banking company and a customer who initiates it. All details about the typical pattern for services also apply to banking.
2007 saw the beginning of what we call now the ‘banking crisis’. This crisis first became apparent for everyone when in the United States of America in September 2008 the investment bank Lehman Brothers, the fourth largest investment bank in USA, shut down because of bankruptcy. It turned out that it was not the only one.
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