Can credit union and coop banks replace traditional banks completely?
Edit (adding additional question): Has there been an attempt to do this on a national or societal level?
Can credit union and coop banks replace traditional banks completely?
Edit (adding additional question): Has there been an attempt to do this on a national or societal level?
Do you need complex investment options in your bank? I’m sure some banks offer that here, but there are also dedicated services specifically for gambling on the stock market, which I think more people would be drawn to as they are focused on that specific niche. The bank investment options are more for long-term savings rather than proper investments.
Major banks do have their own trading platforms which allow CID, long and short positioning. I doubt a CU would have trading in general, they would have a partner company to do that with.