It's weird that USA still has regional banks thriving. In Russia, it is Sberbank all the way down. Largest banks have unprecedented regional networks and perce

It's weird that USA still has regional banks thriving. In Russia, it is Sberbank all the way down. Largest banks have unprecedented regional networks and perceived as vert safe so they can allow themself to pay shit rates on deposits and use it to give out mortgages. Principal business plan of regional banks is undercut. The only way how they may stay alive is to ally with large regional businesses to be used as their purse. Add to that is that modern bank is an IT company and a large bank may invest in much more sophisticated online services.