Hey Marcus,

Your posts serve as reminders/ heads-up for things announced, but not given enough attention/ thought. Thank you.

The throwback to early 2010's is...touching. The bankscape was different then, with 15 lenders or so, and the small ones indeed paid 5%-7% for term deposits. Later the system integrated and consolidated to 4-5 banks, and this wild-west competition ceased.

Expand full comment