Fintech Insider Podcast by 11:FS cover image

745. News: QED's new $925 million fintech war chest & Klarna fights to return to profit

Fintech Insider Podcast by 11:FS

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The Interest Rate Environment and the Future of Banking

The interest rate will be the secondary reason, I think, as to why they switch. Most banks don't make money on retail bank accounts. This kind of behavior is dangerous because it teaches a generation of customers or a group of customers, hey, the banks kind of ripping you off. And even if they're not, it doesn't feel good.

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