NEW YORK & LONDON, Oct. 17, 2016 (GLOBE NEWSWIRE) -- According to the latest reporting by Wall & Broadcast, millennials aren't quitting banks, as is often reported and held as popular belief. Instead, banks are pushing the economically distressed, many of whom are millennials, out of the system via excessive and sometimes hidden fees.
Wall & Broadcast conducted in-depth interviews with the Pew Charitable Trusts, as well as FinTech subject matter experts on the problem of America’s unbanked, to better understand this trend. The team also visited a New York City check cashing location to speak with unbanked and de-risked individuals who are patrons of alternative banking services to hear their stories.
In episode 3 of Wall & Broadcast, co-hosts Alex Tabb and Dan Simon, alongside executive producer Anna Stumpf, discuss how retail banks are taking actions to push out financially stressed customers and are thus adding to the expanding numbers of ‘unbanked’ in America. A sampling of the findings discussed:
To learn more about the plight of America’s unbanked, you subscribe to Wall & Broadcast through iTunes and Stitcher and stream the show directly at both TabbFORUM and www.wallandbroadcast.com.
About Wall & Broadcast
Wall & Broadcast invites you inside the untold, little understood stories of Wall Street. With unparalleled access to industry insiders, and hosted by an ex-spy and a former boy band member turned finance experts, we deliver insightful interviews, hilarious asides, and historical perspective on this seemingly untouchable industry that touches everybody. Follow us on Twitter at @Wall_Broad and Facebook.
About TabbFORUM
TabbFORUM is the site for peer-to-peer, contributed thought leadership on current issues affecting global capital markets, covering electronic trading, market structure and regulation from fixed income and equities, to derivatives, futures, currencies, commodities, IT, risk, data and analytics. Launched by TABB Group in February 2010 exclusively for capital markets professionals, the FORUM is "where capital markets speak," the community for the exchange of ideas and information and engaging in lively debate.