2 ms·
Maybe they won't but new competitors will see the outsized profits and try to get my business by offering these things. I have all these things at my bank (TD)
by bko 3y ago
Maybe they won't but new competitors will see the outsized profits and try to get my business by offering these things. I have all these things at my bank (TD) so the system seems to work.
This is pretty uncontroversial basic economics...
- ilyt 3y agoHow often you see "new competitors" in banking come up now ?
- bko 3y agoNot often enough. You've seen the reverse due to high regulatory costs. If you're a healthcare provider in the US you often have to get a "certificate of need" to offer a service where a board full of competitors in the neighborhood determine if the neighborhood really "needs" this service: > CON programs primarily aim to control health care costs by restricting duplicative services and determining whether new capital expenditures meet a community need. https://www.ncsl.org/health/certificate-of-need-state-laws https://www.ncsl.org/health/certificate-of-need-state-laws