Proof of the old adage "money goes to money" has been in plentiful supply this week. On top of news of record profits from several of the big banks, comes a survey showing that they are the best businesses at making money out of their customers.
OK, so UK banks are beaten by those in Italy and Spain, which last year managed to make profits of £89.96 and £84.49 respectively from every one of their customers, but they didn't do a bad job of parting us from our cash in 2005. Research by software company Group 1 shows that for every account holder the banks made £75, up from £66 in 2004.
In contrast utilities firms made £59.10 a customer; retailers, £50.90; mobile phone companies, £39.40; and general insurers, a mere £35.10.
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