Jul 23, 2020
The Banks Are Hurting And You Will Pay
The big four banks have suddenly found that money is getting more expensive and their customers – that’s you – will pay the price.
The cost of wholesale funding, or selling debt – which banks use to supplement deposits to help finance their operations and manage risk – is at a two-year high and showing no signs of decreasing as world markets, including the credit markets, switch to gloom mode.
https://www.primecapital.com/the-banks-are-hurting-and-you-will-pay/