What the banks could do is, instead of extracting more blood...

What the banks could do is, instead of extracting more blood from their existing customers (most are in a financial corner already). They can trim their ADVERTISING BILL which is deplorably high, just to gain extra market share. And up the interest on new business. Unfortunately they work on the "we're god, we can do what we like" principal. They know very well for their existing customers to move their entire banking needs to say a CREDIT UNION is a time consuming process and time is money to most businesses.
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As a thought if a competitor can have nice easy "sign here" we do the rest applications to transfer banking packages. Then, slapping extra interest on their existing customers will not be the first option.