Archive for the ‘Government’ Category

Does anyone know what the profit margin is for the banking industry?

Thursday, November 27th, 2008
banking
Wayne G asked:


I know these companies can charge up to 29% on credit cards, loans, not to mention late payment fees and the like.

Everyone is railing on the oil industry when in fact their profit margin is keeping well within the profit margin of any other private industry (8 to 10 percent).

So what’s the deal with the profit margin of the banking industry?

Randy