3 ms·
I 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
by haneefmubarak 8y ago
I 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.