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A comment on JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank. Parent comment

Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by unethical_ban on Monday May 01, 2023 @09:23PM (#35781930)
I don't see why fractional reserve banking is the only way to lend.
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Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by xmcqdpt2 on Tuesday May 02, 2023 @03:47AM (#35784540)
It isn't but it's cheaper. People may not care very much about the 2% interest rates they get on their savings account, but I think they do care about having access to cheap credit.
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