The Impact of the High Interest Rate on Banks

Timothy Stanley: If you're a bank and you're looking for a distribution channel, like why wouldn't you want to partner with Apple? He says there's obvious benefits here for Goldman as well in terms of increased deposits. But he adds that it could just temporarily be an important play to get people to really go deep into the ecosystem. Stanley: I don't know or don't think that Apple's long-term goal is to be a long-term savings account.

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