The banks are in every facet of consumers' financial lives. They bundle products together, and say that, if you buy this, they'll give you a discount on that. There are ways that they have.... Just by sheer volume, the sheer mass that they have, they're able to have lower costs and make more profits. On the other hand, we as a firm that is much lower in terms of scale don't have the same type of scale, so our costs are, therefore, higher. It's much more difficult to compete.
On December 5th, 2024. See this statement in context.