News for hackers. Stuff that matters.

A comment on Bank Run at Silicon Valley Bank. Parent comment

Re:Bank Run at Silicon Valley Bank by dr_dshiv on Friday March 10, 2023 @01:29AM (#35091114)
The Medicis couldn’t loan money at interest— that was usury—so they made money by charging a fee for allowing customers to deposit at one place and have the money available in other locations. That was not considered usury
[ Parent | on HN ]
Re:Bank Run at Silicon Valley Bank by lostlogin on Friday March 10, 2023 @12:48PM (#35098092)
It’s amazing how long this goes back. ATM transactions fees are stupid high, and now I have someone to blame.
[ Parent | on HN ]