Re:Simple bank shutdown goes awry, leaving customers without...
by lotsofpulp on Sunday May 09, 2021 @11:59PM
(#27102544)
> This has been happening everywhere over the last decade or so, and it's the result of super loose fiscal policy.
It’s not just loose fiscal policy, it’s also technology’s role in reducing marginal costs. It’s basically impossible for a smaller player to compete in commodity markets like consumer banking because the bigger player has lower marginal costs and can offer a more attractive price.
The same as Walmart/Target/Home Depot/Lowes/Best Buy dominating retail.
It’s not just loose fiscal policy, it’s also technology’s role in reducing marginal costs. It’s basically impossible for a smaller player to compete in commodity markets like consumer banking because the bigger player has lower marginal costs and can offer a more attractive price.
The same as Walmart/Target/Home Depot/Lowes/Best Buy dominating retail.