America

An American Postbank

Over the past couple of days, this article has been brought to my attention from multiple angles. The basic idea — that the US Postal Service’s collapse and the problem of banking deserts in America’s poorer and more rural neighborhoods are two problems with a single solution — is an intriguing one. As an American emigrant customer of the Swiss post bank, it seems like a good idea, but I’m not sure the history of American and European financial services are similar enough to allow us to predict the success of the former from the latter.