alt Hacker News> Retail banking in general makes boatloads of money, and deposits are central to this now that we're out of zero-interest-rate-land.
Talking about banking in general is generally a huge mistake. While deposits may be central, retail deposits are irrelevant for the banks that do > 70% of banking.
> now that we're out of zero-interest-rate-land.
Doesn't matter to them.
> retail deposits are irrelevant for the banks that do > 70% of banking.
We’re talking about an individual sticking it to the bank he has an account with by cancelling it. Retail sounds entirely relevant here.