Comment by monero-xmr

Only need 5 banks now. All the benefits of a regional bank (“local knowledge”) can be replicated digitally. Clearly there is no loyalty on the customer side, as VCs told their portfolio companies to exit SVB immediately. Just have JPM, BoA, and pick your favorite other 3 and let’s nationalize this already. Government wants an iron grip on access to financial rails anyway so we can speed this along.