Banks Make Millions Using This Trick #finance #banking #shorts
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YouTubeMindception - Empowering Your Mind
Banks Make Millions Using This Trick #finance #banking #shorts
How banks make money is simpler than you think—it’s just like a bakery. Most people don't realize that banks earn profit primarily through the interest rate spread between deposits and loans. This short breakdown uses an easy analogy to explain exactly how that 3% to 5% margin works. Subscribe for more quick finance explanations. #banking # ...
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Banksy Art
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CBN just revoked the licenses of 46 microfinance banks across Nigeria, effective July 1. Moniepoint, Kuda, and LAPO are NOT among them. They are safe. But the 46 that were shut down served exactly the Nigerians that commercial banks don’t reach; market traders, small business owners, rural communities. CBN’s action is right. Insolvent banks are a risk to depositors. But as usual, the cost falls hardest on the most vulnerable. #cbn #creatorsearchinsights #naija #banking #moneytok
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