AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Dry Powder: Where to Park Your Cash
Many Happy Returns
Bank of Dave
A bank is taking money off you and I, paying us 3% and lending it out and receiving 6% in interest. But that loan is a five year duration, whereas we can pull our money anytime. And that's one of the functions of banks. So that's one role of a bank that maturity transformation. What other roles does it have? Like what makes it a bank? Making loans is another one. There are other institutions which can do that. You don't necessarily have to have presents on a high street or all the other functions that go with it in order to do that. If you haven't seen it, there's a very good film on Netflix, which is the
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode