The New Frontier for Banks is in their Own Neighborhoods

“If you see a Geneva banker jump out of the window, jump after him: there’s bound to be money in it,” Voltaire is reputed to have said in the 17th century. Banks in the U.S. are now turning their eyes inward, at their own neighbors: immigrants, many or most from Latin America, who work hard to attain in their new country what they could not in their homelands. What is beyond doubt is that money follows profits and it will not stop at borders, and will find a way to overcome legal restrictions. For, as history shows, law follows the practice, and as bankers know, immigrants are here (or there) to stay.

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