Millennials Should Shop Around for Banks

Banks are in business to make money for their shareholders, not to put the interests of customers first. This key fact should not be overlooked. Banks sell financial services and compete hard for business. They want to be seen as the friend of students and offer no-cost accounts But banks are not equal. By shopping around, you can get the deal that's best for you.

Source: The Globe and Mail, September 19, 2016

a) Explain how this news clip illustrates the attempts by banks to maximize profits.

b) Why would banks want to be seen as friends of students and offer student accounts with no charges?