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The Unnerving World of Digital Deception

European savers pull more of their money from banks, creating a slow but notable outflow of customer cash. Slow increase in deposit rates on customer savings compared to rapidly rising loan charges has driven many to seek better returns in money market funds with higher annualized yields. This shift raises questions on the long-term stability of the traditional banking sector as banks must balance profits with retaining customer funds and ensuring sufficient liquidity. Users highlight the simplicity and convenience of utilizing Apple's App Store for subscription management.

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