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Written by Riviera Reporter
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Banks look after your money – after they’ve taken their cut. The
consumer group CLCV has recently highlighted “the constant increase in
bank charges along with a lack of transparency”. All this, they note,
as banks turn in record profits (Société Générale posted a 25.4%
increase last year, BNP Paribas 24.1%).
CLCV’s most recent complaint is expressed with even more vigour by
Me Alain Bousquet of the Antibes-based Comité pour l’action contre les
abus bancaires. In a new book he tells us that “a banker is never your
friend but rather a permanent danger to you”. OTT? In a future number
we’ll talk to Me Bousquet and – as always “fair and balanced” – we’ll
get a banker’s reply.
From Reporter 109 - June/July 2005
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Finance and Banking 
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