Today's New York Times (not that I usually read the business section) had a column about banks starting to charge more fees, and they quoted JP Morgan Chase bank as saying, "We don't want to raise fees on our customers... But unfortunately, regulation is forcing us to do it. And as a result, some customers may end up unbanked." Since one of my responsibilities for the honor of participating in the Mr. Verb empire is to search out weird verbs, I thought I would report this one. It was new to me, but gets "about" 214,000 google hits, including its own Wikipedia entry (where I learned that you could be unbanked or underbanked). So I guess it's fairly common. Still makes me giggle, though.
4 comments:
I bet that 'unbanked' is more widely used for describing race tracks ... turns can be banked or unbanked.
Highways, too, depending on the curve and expected speed of the vehicles.
And of course, when they have fewer customers, they'll have to raise fees more to make their expected profit, which will unbank even more...
. . . and eventually they'll end up with zero customers paying an infinite amount in fees. Everyone wins!
Post a Comment