#<p><strong><a href="http://www.techeye.net/wp-content/uploads/2015/04/Databroker_scrooge_mcduck-346x260.gif"><img class=" size-full wp-image-157763 alignleft" src="http://www.techeye.net/wp-content/uploads/2015/04/Databroker_scrooge_mcduck-346x260.gif" alt="Databroker_scrooge_mcduck-346x260" width="346" height="260" /></a>The Royal Bank of Canada</strong> claims that technology companies pose a competitive threat to established lenders.</p>
<p>RBC Chief Executive David McKay said he was positioning Canada’s largest bank to compete with technology firms that have expanded into the money-moving business but don’t “bear the financial and social costs of being a bank.”</p>
<p>In other words the banks are heavily regulated because they have a nasty habit of crashing and asking the government for huge hand-outs while the technology companies do not.… <a href="http://www.techeye.net/business/tech-companies-are-a-threat-to-banks" class="read_more">Read the rest</a></p>