A new article on CNBC’s CNBC Money blog argues that the reason there are no trading apps is because there’s simply not enough money to make them work.
According to the article, some banks that offer online trading platforms are getting rid of them because they don’t have the capital to support them.
For example, Wells Fargo announced in February that it was ending its trading platform.
If you’ve never heard of Wells Fargo, it’s the largest bank in the U.S. with $13 trillion in assets.
The bank has long been a target for Wall Street and regulators, and it has been under fire from both sides of the aisle.
In the past, it was criticized for failing to make a profit during the financial crisis, and some even said that the bank was too big to fail.
The banking giant has since grown from being a financial institution to being a large tech company with billions in cash on hand.
It’s been criticized for its high-cost loans and high interest rates.
The article notes that it’s not only the banks that are losing money to trading platforms that there’s also the other side of the coin: the public.
People have started asking, “Shouldn’t banks be able to take advantage of new technology and be able get better returns than they currently get?”
According to CNBC, this has been one of the main complaints from consumers.
The article states that people are questioning whether banks are doing enough to get better profits.
The article goes on to say that there is a disconnect between the public and the banks.
The public wants better returns, while the banks don’t want to lose money and are looking for a way to make money.
While the article points to a number of reasons for the lack of a platform for online trading, it also suggests that there could be more to it than just the banks themselves.
According to CNBC’s source, a number have to do with the banking industry’s ability to make revenue.
For instance, the article cites a report from the Financial Industry Regulatory Authority that said the average return on assets in the financial services industry is 8.6% a year, which is lower than the 7.5% average return in the broader banking industry.
The problem, CNBC’s article argues, is that the banking and insurance industry has “little or no incentive to offer more profitable products that can generate higher returns.”
In the article , CNBC cites a study that showed that people in industries with higher levels of competition are also more likely to be able and willing to invest in higher-return products.
CNBC says the study shows that the financial sector’s focus on growth is hurting consumers and companies in the rest of the economy.
CNBC Money also says that the lack is that banks are trying to “create the illusion that they can make money by making more money online.”