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Remind me again what net profit the banking sector had during the same five year period? I know last year alone it was over $48 billion.
by Jweb_Guru 8y ago
Remind me again what net profit the banking sector had during the same five year period? I know last year alone it was over $48 billion.
- simonh 8y agoAm I surprised that the banks protected from competition by the moat created by Dodd-Frank regulations are highly profitable?
- nielsbot 8y agoare the costs more onerous for smaller banks or are they proportional to bank size?
- haneefmubarak 8y agoI imagine the costs can be somewhat seen along the lines of good old `y = ax + b`, where the coefficient `a` (variable cost) is more or less doable but the term `b` (fixed cost) is high enough that it turns into a non-starter for smaller banks.
- simonh 8y agoI seem to remember talk to the effect that the minimum cost for a small bank was something like $20m plus.
- Jweb_Guru 8y agoMy point was that "$3 billion over five years is very costly" is a largely meaningless statement when applied to the entire backing sector.
- lallysingh 8y agoYes. $667M/yr spread over how many different businesses? How much of that was overlapping with work that already had to be done?