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How Banks / Financial Institutions could be different



Banks could be like utilities / nationalized

Kleptocrats / criminals could not buy real estate / real estate transactions could be transparent

Women / girls could more easily obtain bank accounts / loans / savings

Sex workers could not face financial discrimination

Banks / finance could have diversity in retention / be easier for working parents

Wealth managers could not be incentivized to cross-sell high fee financial products

Litigation / regulation could be decreasing the amount of IPOs / public wealth

Banks could be over-leveraged to hedge funds and private equity

Startups could access financing even when small

More women could be in trading versus sales

Mobile wallets could be carried across borders

Traders could be compensated differently

Cryptocurrency holders could have wealth management

Randomly selecting citizens/employees for shadow boards / oversight, staff rotations, sting surveillance, and different recruiting practices could reduce corruption

Minimum balance, banking fees, accessibility / location, lack of public education / financial literacy outreach could be deterrents to financial inclusion

Women's access to direct deposit / financial services could lead to empowerment

Offshore banking / dark money could be reformed to prevent corruption / crime / terrorism / human trafficking / tax evasion / wars / repressive and corrupt governments

The IRS could enforce tax compliance

Junior bankers could have less grueling schedules

Tech companies could replace banks

Mirror trading could lead to money laundering

Traders / banks could be prevented from manipulating energy / power markets

Shadow banking collateralized loan obligations (CLOs) could be creating a large credit bubble

Too big to fail banks could be broken up

Public ownership registries could eliminate illicit financial schemes and government corruption

Consulting, lobbying, law firms, banks, and public relations companies could not assist authoritarian governments, corruption, organized crime, or have unethical practices

Individuals who commit or allow corporate fraud could face consequences

Businesses could have more opportunities to borrow capital

Anti-money laundering laws and technology could negatively impact genocide, human trafficking, drug cartels, corruption, and other organized crime

The post office could offer financial services

Banking products could be more available, transparent, and accessible for low-income consumers

Zero interest loans could help people build credit

A group of individuals could save and borrow money together

Banking could be mobile

NRSRO designation could be removed from SEC rules

Commercial banking could be separated from investment banking

Employers could enroll workers in an opt-out direct deposit savings account

Banks could be easier to access at local shops

Banks could design and market savings accounts to low income consumers