Time for No-frills Banking?

Overbloated rewards, periodic bankruptcies, giant inefficiencies, always ready to ask for Governmental handouts…that’s the characteristics shared by national airlines, and an unseemingly large number of banks.

When will anybody take the chance to build a no-frills bank?

Perhaps one or two of the super-rich Sovereign Funds or Oil Magnates will give it a try. They do have the money, after all…and they have just seen lots of it getting burned by professional bankers.