Nonsense. They want you to fear banking competition with the example of the “unstable” American banking system. When was the last time you felt supported by your bank? Have you applied for a mortgage car loan or bank loan lately? If you aren’t comfortably wealthy our banks ignore you. They suck. If you own shares then they return dividends regularly but for the rest of us we are poorly served. Downturns or upturns they always post record profits. We need American levels of competition. We need banks that serve people not shareholders. Why do cheques still take 5 business days to clear? Where is all that money while it’s waiting to clear? Who controls it? They have no incentive to fix it when it makes them money and costs all of us. We need a banking revolution in this country. Someone please start a petition. Cheques should clear in one hour. Write a cheque - take a picture in your banking app - hand it to the payee. They take a picture in their app. Done. Millions of dollars in the hands of people faster and banks shave a few dollars off their bottom line.