If banks are making money – why raise fees?

Now the banks are raising their fees again

It was interesting to read that Canada’s five largest banks in the year 2011 made a combined net profit of $22.4 billion. It was also reported that these same five banks set aside $9.3 billion in bonuses for their top performers.

Now the banks are raising their fees again. This may be an unsophisticated question, but why?

Martin L. Battle

Victoria