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Despite all the rules? My friend, who do you think the rules are for? Compliance departments are EXPENSIVE, which means that only big banks can afford them. Whi
by bmcusick 9y ago
Despite all the rules? My friend, who do you think the rules are for? Compliance departments are EXPENSIVE, which means that only big banks can afford them. Which means less competition. Which means higher prices and profits for the few that remain.
- JauntTrooper 9y agoYes. Before the 2008-2009 financial crisis, ~100 new banks were founded every year. From 2010-2015 there were 4 new banks total.