[villasv]

Americans are very comfortable in extrapolating the US experience as a global reality.

Here they’re talking about the Wild West of small banks that they have.

[fakedang]

That was precisely my thought when reading this article.

Literally how many startups spawn in America for simple financial tasks that are easily handled by banks in the UKEU? In some cases, there are banks in India and most of the developing world that have more advanced services for consumer banking than the US. China has obviously already raced ahead far more than the US.