logoalt Hacker News

pfortunyyesterday at 7:47 PM1 replyview on HN

As long as they keep other people’s money, they make money on it.


Replies

bayesnetyesterday at 7:53 PM

This is arguable for HSBC (in the UK at least). Ringfencing laws post 2008 have made customer deposits in the UK very difficult to invest profitably, to the point where (at least last time I cared about this) they were charging commercial customers to have UK domiciled accounts.

show 1 reply