to allow challenger banks to better compete. About a two minute read.
Comment: sure, the headline looks good but that’s about it. Many of the challenger banks are being squeezed to the point of shutting down, as The Fintech bubble continues to collapse. Oh and points like this “Banks should also be mandated to offer their branches to challengers before closing them” are ridiculous. What would a challenger bank do with physical branches? Their business model is predicated on low cost, online delivery of services, and they are already losing money.