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A comment on Chime is laying off 12% of its workforce. Parent comment

Re:Chime is laying off 12% of its workforce by WeylandYutani on Wednesday November 02, 2022 @06:53PM (#33443987)
Digital banks are finding that you literally CANNOT make money with a simple checking account.

Banks make money with mortgages, loans, credit cards and other financial services. Hell banks would rather dump most of their customers if they were allowed to.

[ Parent | on HN ]
Re:Chime is laying off 12% of its workforce by willio58 on Thursday November 03, 2022 @04:47PM (#33457268)
Is this true? With Simple I believe they were profitable, they just decided to sell to BBVA to grow larger (and to let the founders get a huge pay day). Then BBVA sold to PNC, then PNC absorbed all its users.
[ Parent | on HN ]