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Re:Changes at YC by kortilla on Tuesday March 14, 2023 @10:31AM (#35152128)
That’s about the worst possible kickback scheme I can think of. Deposits drive so little of a bank’s profit that you would have to be the dumbest grifter in the world to setup such an expensive referral program with only the hope of stock appreciation.
Re:Changes at YC by deetsb on Tuesday March 14, 2023 @12:35PM (#35154200)
*citation needed

Per SVB’s recent K, Net Interest Income: 4.065bn (after provisions) Non interest income: 1.728bn

Deposits fund the net interest income