Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set...
by ravel-bar-foo on Friday November 11, 2022 @05:56AM
(#33559214)
In that proposal, it seems like all the risk of the loan is carried by the bank with none of the profit. How would such a bank be profitable? What happens if the loan is not paid back?
So yeah although this is still theoretical, it is indeed possible to do banking without having a single customer cash deposit.