It matters not if the bank is stable or not. It matters that mere allegation caused ECB to switch off their operations. On the other side, we have at least two other banks who are openly continuing to work in russia against sanctions and they don't get the same treatment.
One of the biggest banks in Latvia, ABLV, had their banking license pulled overnight and was forced into liquidation for a mere SUSPICION of enabling money laundering operations for/through russia. Later it was found that it was not guilty. That was before the war. It bewilders me the there are still at least two banks that continue operations in russia and ECB has not persecuted them to the same extent as a Latvian one.
The saddest part about it is that although what you said is true, that doesn't guarantee that the sum won't grow. What I pay back is not even covering the interest, and it keeps growing. It may be that I'm going to pay that "tax" for my whole life, which is ironic because I dont even work in the same industry as the education I'm paying back for.
38k uk pounds. Thats the amount of student debt which is slowly becoming crippling since the uk are raising the % higher and higher.
kleso
joined 11 months ago
Ah yes, we will use your deposited money to grow our wealth and give out credit, but that will cost you because we have to afford servers, IT admins AND a yacht for every shareholder. /s