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A comment on Why America will soon see a wave of bank mergers. Parent comment

Re:Why America will soon see a wave of bank mergers by runnerup on Tuesday May 02, 2023 @12:51PM (#35790487)
It really doesn’t. They charge plenty of fees to plenty of customers. They also use daily banking as a loss-leader for profitable services like loans.

Chase collected $1.25 billion in overdraft fees alone last year. My “Chase College” account currently gets charged $6/month for some reason I haven’t bothered figuring out, maybe a newly instated minimum balance or direct deposit requirement that wasn’t there years ago.

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Re:Why America will soon see a wave of bank mergers by bradleyjg on Tuesday May 02, 2023 @01:23PM (#35791052)
Great, so if it really doesn’t already, let’s just get rid of the pretense. Make it illegal to offer demand deposits while taking risks with depositors’ funds. No more need to worry about bank runs.
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Re:Why America will soon see a wave of bank mergers by winkeltripel on Tuesday May 02, 2023 @03:16PM (#35792711)
It's almost like the glass-steagal act had a good approach for the average person.
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