ISLAMABAD (APP) - National Traders Alliance has said that uncontrollable banks and financial institutions should be nationalized in the interest of masses and the country. Speaking at a meeting, Malik Sohail Hussain, Vice President, National Traders Alliance and former Senior Vice President, Islamabad Chamber of Commerce and Industry said that banks should be nationalized to safeguard millions of depositors from any possible crisis. He claimed that banks are involved in controversies, adding that some banks handled real estate market that directly influenced prices which shot up from 300 to 500 per cent in the urban centers. Three years back car leasing was handled in a way that regulator interfered to stop it, he said adding that cases of treason and mass deception should be registered against banks for cheating country and masses. Speaking on the occasion, Malik Sagheer Ahmed, President Blue Area Traders Association, Asad Rashid, Shahid Alam, Amin Pirzada, Yusaf Rajput and Shakil Aziz were of the view that increasing profits of banks speaks volumes about their self-serving attitude. They demanded of the government to constitute a committee to probe banks and provide depositors their due profits back. They also demanded to review DD fees, undue deductions on deposits, charges bounced cheques, cheques book, charges to stop payment/encashment of cheques, charges for copying record, balance sheet charges, account opening and closing charges and other charges.