They are expensive and depend on deposits to write fractional.loans. people are not saving, there is no money to loan on so they are turning to savings devices that pay up to 5 percent. Then they bundle and invest. So if those branches aren't selling enough bank accounts they close them. I know the little cash I have is getting preserved the best I can.
They are expensive and depend on deposits to write fractional.loans. people are not saving, there is no money to loan on so they are turning to savings devices that pay up to 5 percent. Then they bundle and invest. So if those branches aren't selling enough bank accounts they close them. I know the little cash I have is getting preserved the best I can.
Hope others are doing the same.