Management and Organizational Studies 2277A/B Lecture Notes - Lecture 3: Scotiabank, Canadian Imperial Bank Of Commerce, Personal Finance

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

Chapter 5 banking services and managing your money. An incredibly safe place to keep money. Very efficient at helping you execute all kinds of financial transactions. Keeping up with technology (phone apps, deposit a cheque with a picture) But they are also very very very good at what they do banks exist to make money. Use banks to our advantage; especially when there is something to do to make our lives better (they help us put more money in our pockets) They only exist to make money and take money out of your pocket. Very good at separating you from your money. Bank profits (6 largest bank in canada) numbers are in billions. million a day in profit is what the banks make. Banks first objective is to make money from you. Imagine you"re walking: around the downtown of any major city. Angeles : now look up . whose names do you see on the building, banks and insurance companies!