The thing is, people like GP don't seem to realize that holding their money is not much of an asset to these banks. Like, at all. Maybe no that interest rates are higher. But in general, you're not doing them any favor. My understanding is that holding retail money is a loss leader for most banks. Unless GP is ultra wealthy, they're not doing the bank any favors by giving them their savings or whatever.
The thing is, people like GP don't seem to realize that holding their money is not much of an asset to these banks. Like, at all. Maybe no that interest rates are higher. But in general, you're not doing them any favor. My understanding is that holding retail money is a loss leader for most banks. Unless GP is ultra wealthy, they're not doing the bank any favors by giving them their savings or whatever.