4 ms·
That’s about the worst possible kickback scheme I can think of. Deposits drive so little of a bank’s profit that you would have to be the dumbest grifter in the
by kortilla 4y ago
That’s about the worst possible kickback scheme I can think of. Deposits drive so little of a bank’s profit that you would have to be the dumbest grifter in the world to setup such an expensive referral program with only the hope of stock appreciation.
- deetsb 4y ago*citation needed Per SVB’s recent K, Net Interest Income: 4.065bn (after provisions) Non interest income: 1.728bn Deposits fund the net interest income