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Go look up how much money they have in deposits. When I checked in 2017/18 they had like 87mm USD total. That’s a single UHNW account at a “real” bank. Maybe it
by 55555 4y ago
Go look up how much money they have in deposits. When I checked in 2017/18 they had like 87mm USD total. That’s a single UHNW account at a “real” bank. Maybe it would earn 1-2mm in annual profits from AUM to cover a dozen staff? Idk I’m not an expert.
- ascorbic 4y ago£4.4 billion in Feb, so about 6bn USD. https://www.statista.com/statistics/1118161/customer-loans-and-deposits-for-monzo-bank-united-kingdom/ https://www.statista.com/statistics/1118161/customer-loans-a...