💼Employees in Canadian banks face high sales pressure and prioritize hitting sales targets over helping clients.
📉Customers are sold unnecessary products and services, leading to financial harm.
💸Banks prioritize sales and profits over customer well-being and interests.
🔮Financial advisors provide misleading advice and prioritize selling mutual funds with high fees.
🔒The sales culture in Canadian banks needs better regulation and accountability.
Do employees in Canadian banks face high sales pressure?
—Yes, employees in Canadian banks face high sales pressure and prioritize hitting sales targets over helping clients.
Do customers face financial harm due to unnecessary product sales?
—Yes, customers are sold unnecessary products and services, leading to financial harm.
Do Canadian banks prioritize sales and profits over customer well-being?
—Yes, Canadian banks prioritize sales and profits over customer well-being and interests.
Do financial advisors provide misleading advice?
—Yes, financial advisors provide misleading advice and prioritize selling mutual funds with high fees.
What changes are needed in the sales culture of Canadian banks?
—The sales culture in Canadian banks needs better regulation and accountability.
00:00Undercover investigation reveals high sales pressure in Canadian banks, with employees pushing products and giving bad advice to meet sales targets.
02:29Customers are sold unnecessary products and services, leading to financial harm.
05:47Banks prioritize sales and profits over customer well-being and interests.
07:39Financial advisors provide misleading advice and prioritize selling mutual funds with high fees.
12:01The sales culture in Canadian banks needs better regulation and accountability.
