4.4 The media as watchdog Flashcards
1
Q
Why is it in the commercial interests of the media to champion the consumer against big business and political leaders?
A
A scandal sells newspapers
2
Q
What type of stance do the financial trade press take?
A
A defensive one
3
Q
Teaser rates definition
A
When banks offer a higher rate of interest on savings accounts to new customers for a limited period
4
Q
What do reports say banks should do in regard to teaser rates?
A
Contact their customers before the end of the bonus period to give them the chance to switch account
5
Q
Which banks stopped offering teaser rates in 2014 in order to regain customer trust?
A
- RBS
- NatWest
